Four high-growth startups have secured Rs 30 crore in bridge round funding through a recent seed funding initiative by JITO Shark Angels.
During the JIIF Flames Summit, the JITO Shark Angels Pitch & Rise session saw investors Madanlal Gundecha, Ecosystem Ventures founder Abhishek Sanghvi, Kiran Dantewadia, and Rajesh Jain leading the funding round.
The investment was strategically focused on the D2C consumer tech sector, with an emphasis on smart technology and sustainability. These funds aim to drive innovation and enhance India's business landscape by supporting ventures with strong growth potential.
The JIIF Flames Summit offered a platform to discuss investment trends, family business governance, and emerging market opportunities. Sessions explored Pre-IPO investments, stock markets, real estate, gold, and the impact of Budget 2025 on business decisions.
JITO Shark Angels supports high-potential startups across various sectors. The initiative has made an international impact, with a Dubai edition securing a Rs 20 crore commitment from investors in logistics, space, fintech, and SaaS AI. Startups like Elixia and Astrophel Aerospace benefited from this funding.
The JITO Incubation and Innovation Foundation (JIIF) serves as the innovation and entrepreneurship arm of the JITO, nurturing ideas and businesses for the members. JIIF collaborates with startups and even established businesses, by giving them a platform to strategize, innovate and scale through mentorship, strategic support, and funding. The sole objective is to scale new heights across industry verticals and to foster impactful, sustainable, and community-growth initiatives.
