Four high-growth startups have secured funding in a bridge round worth Rs 30 crore during the JITO Shark Angels Pitch & Rise session at the JIIF Flames Summit. The funding round was led by investors Madanlal Gundecha, Ecosystem Ventures founder Abhishek Sanghvi, Kiran Dantewadia, and Rajesh Jain.
The investment focused on the D2C consumer tech sector, emphasizing smart technology and sustainability. These funds aim to accelerate innovation and strengthen India’s business ecosystem by backing ventures with significant growth potential.
Beyond funding, the JIIF Flames Summit served as a platform for discussions on investment trends, family business governance, and emerging market opportunities. Key sessions covered topics such as Pre-IPO investments, stock markets, real estate, gold, and insights into the impact of Budget 2025 on business decisions.
JITO Shark Angels continues to support high-potential startups across diverse sectors. Internationally, the initiative has made strides with a Dubai edition, where investors committed Rs 20 crore to startups in logistics, space, fintech, and SaaS AI. Notable beneficiaries of these investments include Elixia and Astrophel Aerospace.
The JITO Incubation and Innovation Foundation (JIIF), the entrepreneurship and innovation arm of JITO, remains dedicated to nurturing ideas and fostering businesses. Through strategic support, mentorship, and funding opportunities, JIIF provides a robust platform for startups to collaborate, innovate, and scale. It aims to expand its impact across industries while promoting sustainable and community-centric growth.
