JITO Angel Network (JAN), India’s only community-based global angel network, has announced that it has invested approximately INR 47 crore in new and follow-on investments in no less than 28 start-up companies over the course of FY22. Investments supported companies with strong products and services at various stages of funding.
During the year, the edtech and fintech sector received maximum interest from JITO Angel Network investors. Other companies that generated substantial interest were in the media and IoT sector, followed by healthcare, defence, augmented reality/virtual reality and e-commerce. JITO Angel Network received over 1,250 applications and made over 1,000 shortlists.
Few companies he invested in last year include Vidyakul, Saarthi, Yangpoo, KopyKitab, Siply, Pickright, S-Ancial, GalaxyCard, Fello, Homeville, Ajnalens, Aten Porus Lifesciences, Epigeneres Biotech, Marj Technologies, NanoSniff Technologies , Biocraft Scientific, Taqanal Energy, SpoofSense, PlantVita, The Hosteller, BHyve and many more.
The network has supported start-up entrepreneurs over the past year where they have invested in 10 early-stage businesses. A few growth-stage companies were also added to the portfolio. For the first time, network investors participated in a Series B funding round of a company that is a breakthrough in the healthcare industry. The network helps the entire portfolio to leverage the JAIN community platform in various forms such as business partnerships, strategic partnerships and investments and much more. The year also marked record returns on our investments, a whopping 375%, thanks to six full and partial investments.
“FY21-22 was an outstanding year in terms of investments made and returns earned on exits. We have seen an increase in the number of business ventures and we are happy to create opportunities for founders and emerging entrepreneurs to strengthen their overall business structure and realize their entrepreneurial visions,” said Sunil Kumar Singhvi, Vice President of JAN.
“We expect India’s startup ecosystem to continue its growth momentum, while achieving higher returns on investment,” Kumar adds.
So far, the network of over 360 angel investors has invested over INR 106 crore in 56 companies. In fiscal year 22-23, JITO Angel Network aims to invest in defense, space technology and drone companies. His current portfolio is valued at over INR 300 crore.