IndiGo Ventures—the corporate venture capital arm of India’s leading airline—has completed the first close of its inaugural fund at ₹450 crore. Approved by SEBI in August 2024 with a target corpus of ₹600 crore, the fund focuses on early-stage startups (pre-Series A to Series B) driving innovation in aviation and related industries.
Marking its launch, IndiGo Ventures made its debut investment in Jeh Aerospace (financial details undisclosed), a fast-growing startup specialising in high-precision aerospace and defense manufacturing. Founded just a year ago, Jeh Aerospace has built a team of 100 engineers and technicians, produced over 100,000 flight‑critical aero-engine components and tools that meet AS9100 standards, and secured $100 million in contracts with global aerospace players.
Pieter Elbers, CEO of IndiGo, remarked “Through IndiGo Ventures, we are proud to support Jeh Aerospace—a homegrown innovator committed to building the Indian aviation ecosystem. Combining our technical expertise with Jeh’s capabilities will accelerate next-generation technologies in aerospace. This alliance also strengthens Indo‑U.S. aerospace ties, fuels Make‑in‑India, and helps position India as a global aviation hub.”
Vishal R Sanghavi, Co-founder & CEO of Jeh Aerospace, said “This investment enables us to expand our production capacity to meet rising global demand. Partnering with IndiGo, a leader in aviation, allows us to enhance India’s aerospace infrastructure and bring precise, reliable components to market faster.”
Jeh Aerospace, headquartered in Hyderabad with U.S. facilities, is transforming aerospace supply chains through precision engineering, cost-efficient manufacturing, and digital integration. Despite India’s rapid growth in aviation, domestic aerospace manufacturing remains limited—Jeh aims to bridge this gap. With the new funding, Jeh plans to scale its digital manufacturing infrastructure, bolster AI-driven production, optimize supply chain connectivity, and attract top-tier engineering talent. Founded by veterans Vishal Sanghavi and Venkatesh Mudragalla—who previously worked on aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky—Jeh Aerospace combines industry experience with advanced operational execution to reshape aerospace component manufacturing.
IndiGo Ventures launched in August 2024 after SEBI approval, targeting a ₹600 crore Alternative Investment Fund to support aviation and mobility innovation through both capital and technical expertise. IndiGo, India’s largest and among the fastest-growing airlines globally, operates 400+ aircraft and 2,200+ daily flights to over 90 domestic and 40 international destinations. The airline inducted 58 aircraft in 2024 and served more than 118 million passengers in FY25. It was named ‘Best Airline in India and South Asia’ at the 2025 Skytrax World Airline Awards.
Jeh Aerospace is advancing aerospace and defense manufacturing with software-enabled, high-precision production facilities in Hyderabad. Its integrated, automated processes produce flight-critical components with exceptional speed and reliability for international aerospace customers. The company was founded by industry experts Vishal R. Sanghavi and Venkatesh Mudragalla and remains committed to innovation and excellence in aerospace.
