IndiGo Ventures Takes Off with Rs 4.5 Billion Fund, Backs Jeh Aerospace in Debut Bet

Image Source: Daily Excelsior

IndiGo Ventures, the corporate venture capital arm of InterGlobe Aviation, has announced the first close of its maiden fund at Rs 4.5 billion and made its debut investment in Bengalurubased Jeh Aerospace.

Key Highlights:

The SEBIapproved Alternative Investment Fund will target earlystage startups in aviation, travel, lifestyle, hospitality, and transportation.
Jeh Aerospace, cofounded by Aakash Chaudhry and Arjun Dasgupta, focuses on indigenous aircraft components and systems.
The investment aims to accelerate Jeh’s R&D and manufacturing capabilities, aligning with India’s push for aerospace selfreliance.

Strategic Vision:

IndiGo Ventures plans to leverage its technical expertise and vast network to support portfolio companies with mentorship, market access, and regulatory insights.
The fund is led by Ankit Sharma, a seasoned investor with prior roles at Axis Bank and Trifecta Capital.

Outlook:

The fund is expected to deploy capital across multiple startups by FY 2025, shaping the future of aviation innovation.

Sources: Economic Times, Financial Express, CNBC TV18, The Tech Portal.