JIIF organizes 'Pitch Day' for Promising startups to pitch for investment

A slew of promising startups and entrepreneurs came face to face with potential investors and pitched their ideas and growth strategies in a bid to attract investment as JITO Incubation & Innovation Foundation (JIIF) organized a ‘Pitch Day’ and awareness drive in a bid to boost the startup eco system in the country. There were 10 Startup stalls at the event venue and 350+ Investors attended.

JIIF is an Angel Funding network and Business Incubation Centre which has successfully incubated 34 startups and funded another 16 over the past two years. JIIF is a subsidiary body of Jain International Trade Organisation (JITO), started in 2017 with an objective of providing mentoring, incubation and funding support to scores of investment-hungry Indian startups.

The ‘Pitch Day and Awareness Drive’ was organized to offer a common platform to startups and potential investors and highlight the success stories of startups incubated and funded by JIIF.

Lemma Technologies, a pioneer in programmatic DOOH (Digital Out of Home); Unfound, an AI-based news aggregator; Indibots, a robotic automated solution for solar panel cleaning and maintenance and Fitway, an interactive home gym featuring live and on demand fitness classes in a variety of workout genres, were the startups that made their pitch at the event. All these startups have received incubation and mentoring at JIIF.

“India’s startup eco system has grown stronger over the years and has emerged as the world’s thirst largest startup ecosystem. In 2019, the country added as many as 1300 new startups. It is estimated that startups generated 60,000 direct jobs in 2019. As more and more entrepreneurs gather confidence and start-up businesses, there is an increasing need to create incubation platforms and avenues to bring potential investors face to face with promising startups. JIIF’s objective is to create more such avenues and boost the start-up ecosystem in the country,” said Manoj Mehta, Chairman, JIIF and Owner MTC group and Madhuban Toyota.

According to a report by IT industry body NASSCOM, India is likely to be home to as many as 75-100 unicorns by 2025. From e-mobility to health tech to edu-tech, a series of Indian start-ups are sweeping the market.

In two years of existence, JIIF has succeeded in enlisting more than 170 Angel Network Members, has screened over 1500 startups and invested up to Rs. 22 crore across 16 startups.