JITO Shark Angels commits Rs 30 crore funding to high-growth startups at JIIF Flames Summit

In a significant boost to India’s entrepreneurial landscape, four high-growth startups have secured funding worth Rs 30 crore through the JITO Shark Angels Pitch & Rise session at the recently concluded JIIF Flames Summit in Chennai. 

The funding round was led by investors Madanlal Gundecha (former chairman of the Madras Hire Purchase Association), Abhishek Sanghvi (founder of Ecosystem Ventures), Kiran Dantewadia (CEO of Millennium Papier (India) Pvt. Ltd.), and Rajesh Jain (CEO of Futura Lights). 

Major funding for four startups

The investment was strategically allocated in 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, the release notes.

“Investing in the right businesses at the right time is crucial for long-term success,” said Jeenendra Bhandari, chairman of JITO Incubation & Innovation Foundation (JIIF). 

“The JITO Shark Angels initiative reflects our commitment to identifying and nurturing enterprises aligned with sustainable and scalable growth models.”

Highlights from the JIIF Flames summit

The JIIF Flames Summit served as a platform for discussions on investment trends, family business governance, and emerging market opportunities. Sessions covered a wide range of topics, including pre-IPO investments, the stock market, real estate, and gold, alongside insights into how Budget 2025 might influence business decisions.

According to Mitesh Bhandari, a key figure at JIIF, the event set a benchmark for learning and networking among family offices and entrepreneurs. “FLAMES 2025 in Chennai delivered maximum knowledge-sharing and networking opportunities,” he said. 

“The success of JITO Shark Angels securing Rs 30 crore in investments reflects our community’s strength and trust in innovative ventures. A special mention to JITO Chennai chairmen Rajesh Chandan and Pramod Chordia for their leadership in making this event a grand success.”

JIIF is set to host its next FLAMES Summit in Bengaluru, further expanding its efforts to empower entrepreneurs nationwide. An MOU between JIIF and Startup Singam is also in the pipeline and will be aired on Star Vijay.

Jain International Trade Organization (JITO) is a global body of visionary Jain business leaders, industrialists, professionals, and entrepreneurs working together for economic empowerment, social upliftment, and education.

JITO Incubation and Innovation Foundation (JIIF) is the innovation and entrepreneurship arm of JITO, dedicated to nurturing ideas and helping businesses flourish among its members. It provides startups and established enterprises with strategic support, mentorship, and funding opportunities through incubation programs, investment summits, and collective initiatives.