About JioGenNext
JioGenNext, an accelerator and incubator program founded in 2013, is based in Mumbai, India. With a presence in 4 countries, it has supported around 17 startups in sectors like Enterprise Applications, High Tech. Most notable companies in
its portfolio include OnFinance AI, Meraqui and Freightify. The program is backed by a team of 11 people who primarily support Grant (prize money) startups based in India. Its latest investment was a Undisclosed Grant (prize money) round in Arficus on Feb 13, 2024.
Key Metrics
Founded Year
2013
Location
Mumbai, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money) & Series B
JioGenNext's List of Top Investments
JioGenNext has a portfolio of 17 companies. Their most notable investmentis in Infinite UptimeTheir portfolio spans across India, Singapore, United Arab Emirates and 1 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 11 other sectors, across stages such as Grant (prize money), Series B stages. Here is the list of top investments by JioGenNext:1. OnFinance AI
Developer of artificial intelligence agents for automated regulatory compliance management. This system processes regulatory communications to generate actionable tasks and monitor updates from financial authorities. It automates evidence collection, tracks document circulation, and verifies content to support audit preparation. The software integrates with existing document management and business workflow systems to centralize oversight. It provides tools for generating reports, managing circulars, and mapping regulations to business activities.
Key facts about OnFinance AI
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $5.25M
- Employee Count: 42 as on May 31, 2026
- Investors: LetsVenture, Indian Angel Network and 72 Others
- Latest Funding Round: Seed, Sep 04, 2025, $*****
- Highlight: Editors' Pick
2. Meraqui
Provider of workforce management and staffing solutions across multiple industries. The company delivers contingent staffing, apprenticeships, contractual staffing, and gig workforce solutions. It offers services including value hiring, permanent hiring, global hiring, and specialty hiring. The company provides tech-enabled workforce management solutions.
Key facts about Meraqui
- Founded Year: 2019
- Location: Pune (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.23M
- Employee Count: 4,356 as on Aug 31, 2025
- Investors: JioGenNext, Bazaloni and 2 Others
- Latest Funding Round: Seed, Mar 31, 2023, $*****
- Highlight: Editors' Pick
3. Freightify
Web-based freight rate and quotation management solutions. It offers a suite of solutions to manage freight quotations, rate procurement, and analytics. It provides an API for automating freight rates, scheduling tasks, and tracking products. It also provides a customer engagement platform for adding margins and quotes for customers.
Key facts about Freightify
- Founded Year: 2016
- Location: Singapore (Singapore)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $19.5M
- Employee Count: 224 as on May 31, 2026
- Investors: Blume Venture, Alchemist Accelerator and 91 Others
- Latest Funding Round: Series A, Jul 14, 2023, $*****
- Highlight: Editors' Pick
4. Thingsup
Offers IoT and cloud based supply chain visibility solutions. It provides supply chain monitoring solutions. It includes electric vehicle monitoring, asset tracking, temperature, and humidity tracking, cold chain monitoring, and a fuel tracking system.
Key facts about Thingsup
Provider of industrial intelligence platform for prescriptive maintenance and energy efficiency. The platform utilizes advanced sensing technology and collaborative artificial intelligence for data analysis. It offers insights for maintenance managers, energy managers, and other stakeholders. The platform integrates into existing digital ecosystems, providing real-time industrial diagnostics.
Key facts about Infinite Uptime
- Founded Year: 2003
- Location: Alpharetta (United States)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $4.02M
- Employee Count: 32 as on Aug 31, 2025
- Investors: Blume Venture, Cisco Investments and 14 Others
- Latest Funding Round: Series C, Jul 26, 2022, $*****
- Highlight: Editors' Pick
JioGenNext's Year-on-Year Investment Trends
JioGenNext has invested in 17 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Arficus.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 3 | 0 | 3 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 2 | 0 | 2 |
2020 | 2 | 0 | 2 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
JioGenNext's Investments by Stage
JioGenNext has made 9 investments in Grant (prize money) stage with an average round size of $66.8K and 1 investment in Series B stage with an average round size of $2.29M.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 9 |
Series B | 1 |
Note: We have considered here, only first round of investments
JioGenNext's Investments by Sector
JioGenNext has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Vertical SaaS, Artificial Intelligence - Industry Applications and FinTech. Notably, it has invested in 17 Tech companies, 16 Software companies, 15 Enterprise (B2B) companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 6 |
Vertical SaaS | 4 |
Artificial Intelligence - Industry Applications | 2 |
FinTech | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
JioGenNext's Investments by Geography
JioGenNext has made most investments in India (8), followed by United Arab Emirates where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 8 |
United Arab Emirates | 1 |
United States | 1 |
Note: We have considered here, only first round of investments
JioGenNext's recent investments
JioGenNext has not made any investment in 2026 so far.Here are the most recent investments by JioGenNext:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 13, 2024 | India | Grant (prize money) | 7656 | - | |
Feb 13, 2024 | India | Grant (prize money) | 6199 | - | |
Feb 13, 2024 | India | Grant (prize money) | 4900 | - | |
2022 | India | Grant (prize money) | 4323 | - | |
Dec 27, 2021 | India | Grant (prize money) | 2450 | - |
Team profile of JioGenNext
JioGenNext has a team of 11 members including 2 Partners and 3 Principals located in India. JioGenNext's team does not sit on the board of any company as of now.Here is a list of top team members in JioGenNext:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | - | - | ||
Principal | Mumbai | - | ||
Principal | Mumbai | - | ||
Principal | Bengaluru | - |
Co-investors of JioGenNext
Over the past 12 years, 95 investors have co-invested in JioGenNext's portfolio companies. This includes funds and angels.
- Invested before JioGenNext: LetsVenture, Silverneedle Ventures and 67 others have invested in rounds before JioGenNext. There are 2 companies where LetsVenture has invested before JioGenNext and 1 company where Silverneedle Ventures has invested before JioGenNext.
- Top Co-investors of JioGenNext: Cisco Investments entered a company along with JioGenNext.
- Invested after JioGenNext: A total of 25 investors have invested in JioGenNext's portfolio after their investments. Top Investors include Mars Shot Ventures (1 company) and Climber Capital (1 company).
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