The debut event catalyzes the startup ecosystem with a commitment of INR 20 crores, amplifying opportunities for visionary entrepreneurs.
India, February 29, 2024: “JITO Shark Angels” (JSA), an initiative by JITO Incubation and Innovation Foundation (JIIF), the sole community-based angel network in India, launched the inaugural ‘JITO Dubai International Summit 2024.’ This historic occasion marked the first international hosting of JSA, uniting visionaries and industry leaders to foster dialogue on innovation and empowerment.
Leading the charge at this groundbreaking event were esteemed investors who lent their expertise and backing to startups. Notable investors included 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 propelled discussions and commitment toward advancing entrepreneurship, underscoring the event’s significance in driving innovative initiatives and industry growth.
JITO Shark Angels witnessed an unprecedented commitment of INR 20 crores from a seasoned panel of investors, signaling a significant boost for industries such as logistics, space, fintech, and SaaS AI. Among the esteemed companies receiving funding are Elixia, Astrophel Aerospace, GetPlus, and Zintlr.
Mr. Rajat Mehta, Chairman of JITO Incubation and Innovation Foundation (JIIF), remarked, “Platforms like ‘JITO Shark Angels’ play a pivotal role in navigating the evolving entrepreneurial landscape, nurturing talent, and driving impactful initiatives. This event sets a new benchmark, showcasing JIIF’s prowess as an inclusive platform and highlighting the diverse talent and expertise of our esteemed investors. We eagerly anticipate continued support from all stakeholders in providing the necessary resources and support to our entrepreneurs, serving as catalysts in their growth journey.”
The event resonated deeply with the audience, reflecting a shared commitment to creativity and development. JIIF has previously organized similar events, including JSA for women-led startups, fostering future collaboration and idea generation to positively impact the startup ecosystem.
