IndiGo Ventures raises Rs 450 crore in first close of debut fund; backs Jeh Aerospace

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IndiGo Ventures, the corporate venture capital arm of India’s largest airline IndiGo, has 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, focuses on early-stage startups in aviation and related sectors, targeting pre-Series A to Series B stages.

Alongside the first close, IndiGo Ventures has made its debut investment in Jeh Aerospace, a Bengaluru-based aerospace and defence manufacturing startup. The investment amount was not disclosed.

Jeh Aerospace,…



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IndiGo Ventures raises Rs 450 crore in first close of debut fund; backs Jeh Aerospace



IndiGo Ventures, the corporate venture capital arm of India’s largest airline IndiGo, has 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, focuses on early-stage startups in aviation and related sectors, targeting pre-Series A to Series B stages.

Alongside the first close, IndiGo Ventures has made its debut investment in Jeh Aerospace, a Bengaluru-based aerospace and defence manufacturing startup. The investment amount was not disclosed.

Jeh Aerospace,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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