IndiGo Ventures, the corporate venture capital arm of India’s preferred airline, 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, focuses on investing in early-stage startups that drive 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.

This first close and investment marks a significant step in IndiGo’s broader innovation agenda—combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains.

Coinciding with this milestone, the firm has also approved its first investment in Jeh Aerospace (for an undisclosed amount), one of the fastest-growing aerospace startups focused on high-precision aerospace and defence manufacturing. 

Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised 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 accelerate the adoption of next-generation technology in the aerospace and aviation sectors. 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 enables us to scale our production capacity to meet the growing demand from our global customers, ensuring the flawless and on-time delivery of high-precision components. Venky and I are thrilled to collaborate with IndiGo, a global aviation leader, and are deeply honoured by the opportunity to drive innovation and shape the future of aerospace together.”

Jeh Aerospace – Strengthening India–US aerospace manufacturing linkages 
IndiGo Ventures has made its first investment in Jeh Aerospace. This Hyderabad-based startup is reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration.
IndiGo Ventures has made its first investment in Jeh Aerospace. This Hyderabad-based startup is reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration.
Despite India being one of the world’s fastest-growing aviation markets, the country remains a minor player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity.

Jeh 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.

Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla—alums of Tata’s aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky—Jeh Aerospace combines deep sectoral expertise with sharp operational execution.

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