JITO Incubation and Innovation Foundation (JIIF) and JITO Youth wing (JYW) in association with Mumbai Zone recently hosted the grand JIIF Shark Angels. Out of the 7 startups that pitched, 4 received cumulative commitments of 9 Crores. As per the breakup, 3.5 crores were secured by the farm to fork organic brand – 1 Organic, the lifestyle company EUME assured 2.5 crores support, Omotec which is a dynamic Innovation and Research Lab that brings STEAM learning to students of all age groups settled in 2 crores, and one stop platform for electric two wheelers Tride Mobility managed to locked 1 crore. With the 400+ live participants and 2400+ virtual audience for over 3.5 hours massively successful event saw the support from the highest level of dignitaries such as Shri. Pradeepji Rathod – Cello Group, Shri. Prithviraj ji Kothari – RSBL Group, Shri. Motilalji Oswal – Motilal Oswal Group, Shri. Jayanthji Jain – GM Modular, and Shri. Vinodji Dugar – RDB Group. Without these dignitaries this stature of event could not have been achieved. This is the first in the series of this event that is planned to be organised in multiple cities. The next event will be in Pune on 7th May as a part of JITO Connect.
Jayanti Mehta, JIIF mumbai zone convenor, and the co-convenor Haresh Parekh had organised the 1st Shark Angels setting a road map to organise across India. Thanks to Gowalia Tank Chapter, Juhu Chapter, Ghatkopar Chapter and Byculla Chapter for constant help and support. Also to Mumbai Zone team – Prithvirajji Kothari, Rakesh Chopra, Mehek Mehta, Bhavik Sakaria and many others for helping in organising the event.
Jeenendra Bhandari Chief Secretary of JIIF said, “JIIF Shark Angels has the vision to create a pan India impact in terms of financial resources as well as business connections. A multi-city Shark Angels event organised to ensure local startups maximize their potential and realise their dreams along with channelizing investments from potential sharks at regional level. Thus, enhancing the benefit of synergy and strategic expertise of investors and startups strengthening the regional ecosystem”.
Siddharth Muhnot, Chairman of JIIF expresses gratitude to the Mumbai JIIF Shark Angels, the JIIF Secretariat team to bring life and execute this vision of JIIF Shark Tank to this level. Youth Wing, especially Rinkle Pagaria, National Secretary, has been an equal partner in this journey, and JIIF looks forward to their continued support for all the events planned across India. Sincere thanks to Mumbai Zone JIIF convenor Jayanti Mehta for curating this idea on such a magnanimous scale. JIIF is also grateful to its National Sponsor Finmen Advisors for providing support to fuel the organizing team with enthusiasm.
JIIF looks forward to the support the strong Startup ecosystem by leveraging the JITO Network to benefit all the stakeholders to provide the necessary support and best of resources to our Jain Entrepreneurs and be a catalyst in their journey of being unicorns from soonicorns. The sharks have been kind to let the audience participate in investing with them on the same round so whoever would like to invest into one of the seven startups kindly get in touch with the JIIF Secretariat team at partnerships@jitojiif.com or visit our website to know more.
