India, October 2024: JITO Incubation and Innovation Foundation (JIIF), recognised as India’s Top 10 incubators and angel networks, announced the closing of its 100th investment deal today. This milestone, achieved with the investment in Elixia Robotics, brings JIIF’s total committed investments to over ₹225 crores across 100 startups and is currently incubating over 50 startups, across industries such as electric vehicles (EV), mobility, healthcare, defense, and education through its initiatives JITO Incubation Centre (JIC), JITO Angel Network (JAN), and JITO Shark Angels (JSA).

Jeenendra Bhandari, Chairman of JIIF, shared his thoughts on this achievement:

“Starting with our first investment in 2018, the idea behind launching JIIF was to support incubation and innovation and to become a formidable part of India’s startup ecosystem. Today, JIIF represents a family of 150+ portfolio startups, including more than 200 co-founders, with over 20% of the startups led by women co-founders—a testament to the foundation’s commitment to diversity and inclusivity in entrepreneurship. Some of the investments made by our members are multibaggers and our vision to have a unicorn out of the JIIF ecosystem in the next 2 years.”

Sagar Gosalia, COO of JIIF, further emphasized JIIF’s strength in aligning with the broader startup ecosystem:

“JIIF is a Section 8 company with no owners but a community initiative which maintains strong close relationship with its members who are HNIs, family funds, VC, and PE funds.. JIIF offers a combination of funding, mentorship and resources to help startups achieve success in its unique journey of entrepreneurship.”

As JIIF marks this significant milestone of 100th investment, it remains dedicated to nurturing and investing in startups that are poised to make a lasting impact on their industries.