The grand JIIF Shark Angels was recently hosted by the JITO Incubation and Innovation Foundation (JIIF) and JITO Youth Wing (JYW) in collaboration with North Zone. Four of the five firms that pitched received a total of INR 6.3 crores in funding. According to the breakdown, Unotag, an employee retention and customer loyalty platform, received INR 50 lakhs, Glovatrix, a glove company that helps the deaf and dumb communicate, received INR 80 lakhs, Kwicpic, a photo sharing platform and tool, raised INR 1 crore, and offee, an Edtech skill testing platform, received INR 4 crores.
Three of the four firms that received investment did so solely through Shark Angels commitments. The audience has expressed an interest in investing in the startups as well.
The massively successful event saw support from the highest level of dignitaries such as Shri. Anilji Jain of the Refex Group, Shri Bajjrangji Bothra of the Epack Group, Shri Hemantji Jain of the KLJ Group, Shri Vinayji Jain of the MLM Group, Shri Prasanji Jain of the Sugal and Damani Group, and Manojji Mehta of the MTC Group. This event’s grandeur would not have been possible without the presence of these luminaries. This is the third in a series of events that will take place across different cities. Celebrity Ranvijay Singha and JIIF Secretariat Dhruvin Dhruva hosted the occasion.
Shri Vikaramji Jain, JITO North Delhi Chapter Chairman and Shri Ramanji Jain, JITO Gurugram Chapter Chairman has organised the JIIF Shark Angels as a part of JITO Games which took place in Noida from 26th May to 28th May. Thanks to JITO North Zone for constant help and support. Also to the games and North youth team 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.”
Anup Mehta, Vice-Chairman of JIIF (Incubation, Acceleration, and Corporate Innovation), thanks the Shark Angels of Noida and the JIIF Secretariat team for bringing this vision of an on-the-spot money raising event to reality and executing it to this level. The Youth Wing, particularly National Youth Chairman Dhiraj Chajjed, has been an equal partner in this journey, and JIIF looks forward to their ongoing support for all of the events planned across India. Thank you so much to Shri Ramanji Jain for organizing and hosting the event on such a grand scale. JIIF is particularly appreciative to Finmen Advisors, its National Sponsor, for giving support that has fueled the organizing team’s passion.
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 seedfund@jitojiif.com or visit our website to know more.