“JITO Shark Angels” (JSA), promoted by JITO Incubation and Innovation Foundation (JIIF), the only community-based angel network in India,launched the ‘JITO Dubai International Summit 2024.’ This marked the first occasion of hosting JSA at an international summit. The event brought together a group of visionaries and industry leaders, igniting conversations about innovation and empowerment.
At the forefront of this path-breaking event were esteemed sharks who lent their expertise and support to the startups. Some of the esteemed investors were Motilal Oswal, Founder of MOSFL; Vimal Shah, CEO of Bidco Africa; Vinod Dugar, Co-Promoter of RDB Group; Vimal Kumar, Director of WMA Group; Anil Singhvi, Zee Business; and Sparsh Jain, Director of JG Group. Their invaluable contributions drove discussions and devotion toward advancing entrepreneurship, promoting the event’s significance in catalyzing innovative initiatives, and establishing industry growth.
JITO Shark Angels witnessed a record-high commitment of INR 20 crores from a seasoned panel of sharks, showcasing an immense push for industries such as logistics, space, fintech, and SaaS AI. The esteemed companies who received funds include Elixia, Astrophel Aerospace, GetPlus, Zintlr.
Mr. Rajat Mehta, Chairman, JITO Incubation and Innovation Foundation (JIIF), said, “In navigating the evolving entrepreneur landscape, platforms like ‘JITO Shark Angels’ nurture talent and drive impactful initiatives. This will set an unprecedented benchmark, showcasing the prowess of JIIF as a truly inclusive platform and highlighting the diverse talent and expertise of our esteemed sharks. We look forward to the continued support of all stakeholders in providing the necessary support and best resources to our entrepreneurs and being a catalyst in their growth journey.”
The event also struck a chord with the audience, demonstrating a shared interest in creativity and development. JIIF had previously hosted such events such as, JSA, for women-led startups. These events will pave the way for future collaboration and ideas, resulting in a positive shift in the startup ecosystem.
About JITO Incubation and Innovation Foundation (JIIF):
JIIF, as a subsidiary of Jain International Trade Organization (JITO), has consistently played a pivotal role in promoting innovation and entrepreneurship in India. With the support of their esteemed investors, they have achieved significant milestones. Having invested over Rs. 200+ crores in 80 companies and incubating more than 25 Jain entrepreneurs, they have actively contributed to the growth of the startup ecosystem. Their key highlights include funding 90+ companies, incubating 44+ startups, and facilitating 10 successful exits. Moreover, JIIF boasts a network of 100+ mentors, 100+ ecosystem partners, and have reviewed 7000+ startup applications. With 630+ JIIF members, they continue to drive innovation and empower aspiring entrepreneurs. Additionally, securing over 2 crores from the Startup India Seed Fund reinforces their commitment to nurturing India’s startup ecosystem.
