IndiGo Ventures, the corporate venture capital arm of IndiGo, announced the first close of its maiden fund at ₹450 crore.
IndiGo Ventures, launched in August 2024 with regulatory approval from SEBI to raise ₹600 crore, 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.
With the first close completed, the firm has also approved its first investment in Jeh Aerospace (for an undisclosed amount), an aerospace startup focused on high-precision aerospace and defense manufacturing.
Founded in 2022 by Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace combines deep sectoral expertise with sharp operational execution. The Hyderabad-based startup reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration.
Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract world-class engineering and production talent.
Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies.
Pieter Elbers, Chief Executive Officer at IndiGo, said, “At IndiGo, we are driven by a vision of connecting India to the world and making it a global aviation hub. 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. This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India’s potential to become a global aerospace and aviation hub.”
Vishal R. Sanghavi, Co-founder & CEO, Jeh Aerospace, said, “At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India’s exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components. Venky and I are thrilled to collaborate with IndiGo, a global aviation leader, and are deeply honored by the opportunity to drive innovation and shape the future of aerospace together.”
