IndiGo Ventures Announces Maiden Fund Closure

NEW DELHI: In a significant move to bolster innovation in the aviation sector, IndiGo Ventures, the corporate venture capital arm of India's leading budget airline, has successfully closed its maiden fund at Rs 450 crore. The fund aims to invest in early-stage startups that are driving advancements in aviation and related sectors.

Strategic Investment in Jeh Aerospace

An undisclosed amount from the fund will be channeled into Jeh Aerospace, a rapidly growing startup specializing in high-precision aerospace and defense manufacturing. This partnership underscores IndiGo's commitment to fostering innovation and strengthening the Indian aviation ecosystem.

Leadership Perspectives

Pieter Elbers, CEO of IndiGo, expressed enthusiasm about the collaboration, highlighting the shared vision of making India a global aviation hub. Vishal R. Sanghavi, co-founder & CEO of Jeh Aerospace, shared his excitement about leveraging this investment to scale production and meet global demand, emphasizing the role of advanced manufacturing and AI in shaping the future of aerospace.

Jeh Aerospace's Achievements

With a dedicated team of 100 specialized engineers and technicians, Jeh Aerospace has already made significant strides, delivering over a lakh flight-critical components and securing $100 million in long-term contracts with global aerospace giants.