Four high-growth startups secured funding worth ₹30 crore at a recently held seed funding initiative by JITO Sharks Angels.
The JITO Shark Angels Pitch & Rise session during the JIIF Flames Summit saw Investors Madanlal Gundecha (Former Chairman of Madras Hire Purchase Association), Abhishek Sanghvi (Founder of Ecosystem Ventures), Kiran Dantewadia (CEO of Millennium Papier), and Rajesh Jain (CEO of Futura Lights) leading the funding round.
The investment was strategically allocated in the D2C consumer tech sector with directed towards Smart Technology and Sustainability. These funds aim to accelerate innovation and strengthen India’s business landscape by backing ventures with significant growth potential.
“Investing in the right businesses at the right time is crucial for long-term success. The JITO Shark Angels initiative reflects our commitment to identifying and nurturing enterprises aligned with sustainable and scalable growth models,” said Jeenendra Bhandari, Chairman of JITO Incubation & Innovation Foundation (JIIF).
Mitesh Bhandari, a key figure at JIIF, said, “FLAMES 2025 in Chennai set a benchmark in delivering maximum learning, knowledge-sharing, and networking opportunities. The success of JITO Shark Angels securing ₹30 crore in investments reflects the strength of our community and trust in innovative ventures. A special mention to Rajesh Chandan and Pramod Chordia, Chairmen at JITO Chennai, for their leadership in making this event a grand success. We look forward to an even more dynamic and impactful edition in Bengaluru.”
The JIIF Flames Summit provided a platform for discussions on investment trends, family business governance, and emerging market opportunities. Sessions covered Pre-IPO investments, stock markets, real estate, and gold, along with insights into the impact of Budget 2025 on business decisions.
Looking ahead, JIIF is set to host its next FLAMES Summit in Bengaluru. Additionally, an MOU between JIIF and Startup Singam is set to be signed and will be aired on Star Vijay.
JITO Shark Angels supports high-potential startups across diverse sectors. Internationally, the initiative has also made its mark, with a Dubai edition witnessing a ₹20 crore commitment from investors across logistics, space, fintech, and SaaS AI. Companies like Elixia and Astrophel Aerospace were among the beneficiaries of this funding.
The Jain International Trade Organization (JITO) is a global body of visionary Jain business leaders, industrialists, professionals, and entrepreneurs working collectively for the economic empowerment, social upliftment, and education of its members and the broader community. It organizes global events, business conclaves, and community development programs, bringing together like-minded individuals who aspire to contribute to societal and economic growth. JITO’s initiatives span various industries, promoting excellence, ethical practices, and collaboration for a better future.
The JITO Incubation and Innovation Foundation (JIIF) is the innovation and entrepreneurship arm of JITO, committed to nurturing ideas and fostering businesses among its members. JIIF provides a platform for startups and established businesses to collaborate, innovate, and scale through strategic support, mentorship, and funding opportunities.
