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JITO Shark Angels commits Rs 30 Cr to startups at JIIF Flames Summit

EntrackrEntrackr · 5m ago
JITO Shark Angels commits Rs 30 Cr to startups at JIIF Flames Summit
Medial

Four high-growth startups have secured funding in a bridge round worth Rs 30 crore at a recently held seed funding initiative by JITO Shark Angels. The JITO Shark Angels Pitch & Rise session during the JIIF Flames Summit saw Investors Madanlal Gundecha, Ecosystem Ventures founder Abhishek Sanghvi, Kiran Dantewadia, and Rajesh Jain leading the funding round. The investment was strategically allocated in the D2C consumer tech sector 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 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. JITO Shark Angels supports high-potential startups across diverse sectors. Internationally, the initiative has also made its mark, with a Dubai edition witnessing a Rs 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. The JITO Incubation and Innovation Foundation (JIIF) is the innovation and entrepreneurship arm of JITO, committed to nurturing ideas and fostering businesses among its members. JIIF provides a platform for startups and established businesses to collaborate, innovate, and scale through strategic support, mentorship, and funding opportunities. It aims to expand impact across industries while promoting sustainable and community-centric growth.

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JIIF incubated Startup Select Brands raises 6.5 Cr in pre-Series A

EntrackrEntrackr · 1y ago
JIIF incubated Startup Select Brands raises 6.5 Cr in pre-Series A
Medial

Select Brands, incubated at JITO Incubation and Innovation Foundation (JIIF), has secured Rs 6.5 crore in its Pre-Series A funding round led by Agra Gwalior Pathways and Airen Holdings. Other marquee investors include We Founder Circle, Prataap Snacks, Apricot Foods, Workie, and IVY League Ventures. The funding will be utilised to expand its current operations and to explore new territories and broaden its reach through category expansion, the company said in a press release. Founded by brothers Agam Choudhary and Saksham Jain in 2022, Select Brands’ journey began with the launch of Kyari in April 2022, a D2C brand offering home-grown plants. With multiple plant varieties catering to different needs and spaces, Kyari quickly gained traction among plant enthusiasts. “Basically, we are entering multiple categories by launching new brands and focusing on the growth of existing ones. Approximately 70% of the capital will be invested in existing sub-brand growth, which is Kyari, while around 30% will be allocated to new sub-brands,” said Choudhary in a press release. Kyari claims to have sales of Rs 4 crore in its first fiscal year (FY23) and currently records monthly sales of approximately Rs 1.5 crore. JITO Incubation Centre is a structured program that helps with essential resources for startups, including vital components such as mentorship, a global network, technology, peripheral services (such as legal and financial assistance), and business connections, all under one roof.

JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital

EntrackrEntrackr · 1m ago
JIIF investors invest in Rs 350 Cr consumer-focused fund by Atomic Capital
Medial

Investors from the early-stage angel network JIIF have invested in a Rs 350 crore fund by Atomic Capital, a newly launched consumer-focused venture capital firm. JIIF-affiliated angel investors alone contributed Rs 26.5 crore to the fund. According to JIIF, this is the largest collective bet by JIIF’s investors in the consumer VC space, underscoring rising conviction in India’s next wave of consumption, driven by digital-first brands, regional demand, and wellness-oriented products. Commenting on the investment, Jeenendra Bhandari, Chairman of JIIF, said, “It is a proud moment to see JIIF members backing Atomic Capital’s first fund. Their investment aligns with our broader thesis of supporting category-defining, purpose-led startups. India’s consumer opportunity is massive, and Atomic’s operating model is well positioned to unlock enduring brand value.” Atomic Capital operates with an “Operating VC” approach, offering not just capital but also hands-on support in brand building, growth marketing, supply chain optimization, and leadership hiring. In FY25, JIIF’s investor base deployed over Rs 60 crore across more than 20 startups spanning fintech, healthtech, AI, logistics, and consumer. The network now supports a portfolio of over 150 companies. Mumbai-based Atomic Capital, an early-stage VC firm founded in 2024 by Apoorv Gautam, combines strategic depth with on-ground execution.

Store My Goods raises Rs 4 Cr led by JIIF

EntrackrEntrackr · 2m ago
Store My Goods raises Rs 4 Cr led by JIIF
Medial

Store My Goods raises Rs 4 Cr led by JIIF Storage solutions startup Store My Goods has raised Rs 4 crore (approximately $460K) in a growth funding round led by JITO Incubation and Innovation Foundation (JIIF) and family offices. The latest infusion is part of the company’s ongoing efforts to close a $1 million round, with participation from prominent family offices. The proceeds will be used for expansion across new geographies, enhancing technology infrastructure, and strengthening its leadership team, Store My Goods said in a press release. Co-founded in December 2021 by Sudeep Gupta and Swati Gupta, Store My Goods offers on-demand, tech-enabled storage and warehousing services to both individuals and businesses. It aims to address a rapidly emerging need in urban India with a tech-driven and scalable approach. The Noida-based startup provides customized storage plans, packaging services, insurance coverage, and secure storage facilities. It caters to both B2B and B2C clients, offering a range of services including self-packaging and self-drop options. Store My Goods aspires to solve multiple storage challenges across both consumer and business segments. On the consumer side, it caters to people dealing with space constraints—offering storage during home renovations, relocations, or as an extension of their homes for seasonal items and personal belongings. For businesses, it serves as a scalable warehousing alternative—helping startups and SMEs manage inventory, promotional material, or archived documents without long-term lease liabilities. The company claims that it currently operates in five major Indian metros—Delhi NCR, Mumbai, Bangalore, Hyderabad, and Pune—and has sold over 50,000 months of storage subscriptions to more than 5,000 customers. It was also featured on Shark Tank India Season 1.

Jewelbox raises $3.2 Mn in pre-Series A round

EntrackrEntrackr · 3m ago
Jewelbox raises $3.2 Mn in pre-Series A round
Medial

Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF). In March 2024, the Kolkata-based startup had raised Rs 3.7 crore in seed funding from JIIF. The proceeds will be used to grow its store network, build brand awareness, and hire across key departments. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels. The firm reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year. Jewelbox currently runs eight stores in six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and aims to expand to 30 stores by the end of 2025. In the lab-grown diamond space, Jewelbox will compete with a clutch of firms, including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Firefly Diamonds. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line. Last month, Firefly Diamonds raised $3 million in its seed round led by WestBridge Capital. Jewelbox and other new brands have asked the Central Consumer Protection Authority (CCPA) to stop the use of the term "synthetic" for lab-grown diamonds, saying it confuses with imitation stones like cubic zirconia.

JITO Incubation Centre concludes Cohort 11, invites applications for Cohort 12

EntrackrEntrackr · 4m ago
JITO Incubation Centre concludes Cohort 11, invites applications for Cohort 12
Medial

JITO Incubation Centre concludes Cohort 11, invites applications for Cohort 12 JITO Incubation Centre (JIC) has concluded Cohort 11, furthering its mission to foster innovation and entrepreneurship in India. The program has significantly impacted participating startups by providing strategic mentorship, funding opportunities, and networking avenues, enabling them to scale and refine their business models. According to JIIF, JIC has played an instrumental role in helping startups transform challenges into opportunities. The recently concluded Cohort 11 Bootcamp Program received over 120 applications from diverse sectors, including API, e-commerce, fashion and beauty, defense, healthcare and fitness, financial services, and FMCG. Through an intensive selection process, eight promising startups were chosen to embark on a transformative 12-week journey. The selected startups for Cohort 11 included 11ZA, DefenceForge, SellerSetu, Inkriti, DiagnoPro, Milletto & Nutto, ShopIQ, and Dagriya Fintech. With the successful conclusion of Cohort 11, JIC is now inviting applications for Cohort 12. Aspiring entrepreneurs with disruptive business ideas are encouraged to apply. The 12-week Incubation Program offers a wide range of benefits, including incubation and co-working facilities, technology and business mentorship, marketing support, networking opportunities, access to national and international events for global exposure, and collaboration with government grants and schemes. JIC will invest up to Rs 1 crore in shortlisted startups for Cohort 12. JITO Incubation Centre is a startup incubator dedicated to empowering visionary entrepreneurs through strategic guidance, mentorship, and funding opportunities. With a value-driven approach and an extensive support ecosystem, JIC plays a pivotal role in shaping the future of Indian startups.

OYO’s Ritesh Agarwal invests in Culture Circle at over Rs 100 Cr valuation

EntrackrEntrackr · 1d ago
OYO’s Ritesh Agarwal invests in Culture Circle at over Rs 100 Cr valuation
Medial

OYO’s Ritesh Agarwal invests in Culture Circle at over Rs 100 Cr valuation Culture Circle, a fashion commerce platform focused on luxury and streetwear, has raised a strategic round from Ritesh Agarwal, founder and chief executive of OYO. The funding was done at a valuation of more than Rs 100 crore. The startup had earlier secured Rs 3 crore on Shark Tank India from Agarwal and Kunal Bahl, declining a larger Rs 8 crore offer. Culture Circle claims to have crossed Rs 400 crore in overall valuation following its recent growth. The platform reports 1 million monthly users and over 4,000 verified sellers. It has recorded 4 times growth in recent quarters. The company was started by Devansh Jain Nawal and Ackshay Jain. Nawal is an IIM Ahmedabad alumnus and former Goldman Sachs employee. Jain has earlier worked with Google and leads JIIF Gurugram. The founders said the capital will be used to grow SourceX, the firm’s AI-led authentication system, and to expand into new product categories and global markets. It also plans to open new offline stores in Gurugram and Mumbai. Culture Circle operates flagship stores in Delhi and Hyderabad and runs a resale marketplace for branded sneakers and luxury fashion. The company is planning its global launch later this year.

Gemba Capital launches Rs 250 Cr Fund-II

EntrackrEntrackr · 11m ago
Gemba Capital launches Rs 250 Cr Fund-II
Medial

Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage ‘Platform-first’ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.

Favcy VB’s 10th anniversary drives Rs 40 Cr in startup investments

EntrackrEntrackr · 5m ago
Favcy VB’s 10th anniversary drives Rs 40 Cr in startup investments
Medial

Favcy Venture Builders (Favcy VB) has celebrated its 10th anniversary with the Favcy VB Summit 2025, held at Bharat Mandapam. The summit brought together over 150 VCs and investors, along with more than 30 founders from its portfolio. The attendees included prominent VCs and family offices such as AWE Funds, Stanford Alumni Fund, She Capital, Anay Ventures, and the Vineeta Surana Family Office, among others. Angel investors from its 1stCheque network and government dignitaries from organizations like MeitY and iStart Rajasthan also participated. The summit highlighted Favcy VB’s pivotal role in empowering over 10,000 founders. "Over the past decade, we’ve refined venture building into a science, ensuring startups have a strong foundation from day one. This is the future of entrepreneurship. The next unicorns won’t just be discovered; they’ll be built," said Pranav Chaturvedi, Founding Partner & MD of Favcy VB. The summit featured live pitches by 33 founders across sectors such as AI, SaaS, D2C, deeptech, and sportstech. Notable startups included Serri, a Gen AI product startup, and Maity's, an elder care services venture. Some of the startups secured funding commitments worth over Rs 40 crore, with leading VC firms and HNIs—including AWE Funds, Good Capital, and IIM A Ventures—participating in the funding rounds, backing high-growth ventures. "Favcy VB’s structured approach de-risks early-stage investing and ensures scalable success. The portfolio we saw today is a testament to their model," said Seema Chaturvedi, Managing Partner, AWE Funds. A key highlight of the summit was the 1to10 Demo Day, a platform where first-time investors actively participated in shaping the future of India’s startup ecosystem. This initiative aligns with Favcy VB’s broader mission to democratize access to venture building and early-stage investing. The summit also showcased Favcy VB’s cutting-edge Gen AI platforms—Favcy Navigator and Startup Nalanda—designed to empower founders at every stage of their entrepreneurial journey. Favcy VB is a venture-building platform dedicated to structured startup creation and investment opportunities. It aims to empower 10,000 founders and transform high-potential ideas into scalable, investor-ready businesses.

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