IndiGo Ventures, the corporate venture capital arm of air carrier IndiGo on Wednesday announced the first close of its maiden fund at ₹450 crore.
The firm has also approved its first investment in Jeh Aerospace, a Hyderabad-based aerospace startup focused on high-precision aerospace and defence manufacturing. It, however, did not disclose how much it is investing.
Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised engineers and technicians, delivered 1,00,000 flight-critical aeroengine components and precision tools meeting AS9100 standards and secured $100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. Jeh will deploy the investment to scale its digital manufacturing infrastructure, enhance AI-driven production optimisation and deep supply chain integration platforms and attract world-class engineering and production talent.
Launched in August 2024 with regulatory approval from SEBI to raise ₹600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment, it said in a release.
“Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. By combining our technical expertise and global footprint, this partnership will propel use of next-generation technology in the aerospace and aviation sector,” IndiGo CEO Pieter Elbers said.
“The investment will empower to scale production capacity to meet growing demand from global customers, ensuring flawless, on-time delivery of high-precision components,” Jeh Aerospace co-founder and CEO Vishal R. Sanghavi said.
Published – July 09, 2025 09:40 pm IST