National, February 12, 2025 – As many as 4 odd high-growth startups secured funding worth ₹30 crore at a recently held seed funding initiative . The JITO Shark Angels Pitch & Rise session during the JIIF Flames Summit saw Investors Madanlal Gundecha (Former Chairman, Madras Hire Purchase Association), Abhishek Sanghvi (Founder, Ecosystem Ventures), Kiran Dantewadia (CEO, Millennium Papier (India) Pvt. Ltd.), and Rajesh Jain (CEO, Futura Lights) leading the funding round.
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.
“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.”
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.
Mitesh Bhandari, a key figure at JIIF, described the event as a landmark for family-office networking. “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,” he said.
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 has a strong track record of supporting 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.
With such a strong history of fostering innovation, the success of JITO Shark Angels at FLAMES 2025 further reinforces its role in guiding family businesses and startups toward sustained growth and investment excellence.