IndiGo’s venture capital fund raises ₹450 crore, makes first investment in aviation start-up

FILE PHOTO: An IndiGo airlines passenger aircraft taxis on the tarmac at Chhatrapati Shivaji International airport in Mumbai
| Photo Credit:
FRANCIS MASCARENHAS

IndiGo Ventures, the airline’s venture capital arm, has picked up a stake in Hyderabad-based aviation start-up, Jeh Aerospace, for an undisclosed sum, the airline said on Wednesday.

The venture capital arm was launched last August following regulatory approvals, and has closed its first fund raise of ₹450 crore. The fund is focused on investing in early stage start-ups, driving innovation in aviation and allied sectors.

Jeh Aerospace manufactures high precision aerospace and defence products and within a year has scaled to a 100-member team, delivered 100,000 flight critical components and precision tools, and secured $100 million in long-term contracts from aerospace companies.

Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimisation and deep supply chain integration platforms, and attract world-class engineering and production talent.

In a statement, IndiGo CEO Pieter Elbers said the investment will strengthen Indo-US aerospace ties, advance Make in India and accelerate innovation.

Published on July 9, 2025