Team Startupcity

• IndiGo Ventures announces first close of its Rs 450 crore maiden fund focused on early-stage aviation and aerospace startups.
• The fund makes its debut investment in Hyderabad-based Jeh Aerospace, a precision aerospace and defence manufacturing startup.
• Jeh will use the funds to scale digital manufacturing, enhance AI-driven production, and expand its engineering talent base.

IndiGo Ventures, the corporate venture capital arm of India’s leading airline IndiGo, announced the first close of its maiden fund at Rs 450 crore. The fund, launched in August 2024 with SEBI’s approval to raise up to Rs 600 crore, aims to invest in early-stage startups focused on innovation in aviation and allied sectors.

Marking its debut investment, IndiGo Ventures has backed Hyderabad-based aerospace startup Jeh Aerospace, which specialises in high-precision aerospace and defence manufacturing. While the exact investment amount remains undisclosed, the funding will support Jeh’s expansion of digital manufacturing infrastructure, AI-driven production optimisation, and supply chain integration platforms.

Within just one year of operations, Jeh Aerospace has built a 100-member team of specialised engineers and technicians, delivered over 1,00,000 flight-critical aeroengine components meeting global AS9100 standards, and secured $100 million in long-term contracts from international aerospace companies.

IndiGo CEO Pieter Elbers expressed enthusiasm about the investment, stating, “We are excited to partner with Jeh Aerospace, a homegrown brand aligned with our vision to strengthen the Indian aviation ecosystem. Our collaboration aims to drive next-gen technological innovation in the aerospace sector”.

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Jeh Aerospace Co-founder and CEO Vishal R. Sanghavi added, “This investment will enable us to scale our production capacity to meet global demand and ensure timely delivery of high-precision components”.

IndiGo Ventures targets early-stage companies from pre-Series A to Series B, prioritising long-term strategic alignment and innovation in aviation, aerospace, logistics, and travel tech.