IndiGo Ventures Raises ₹450 Crore Fund, Makes Strategic Investment in Jeh Aerospace Startup

IndiGo Ventures, the corporate venture capital arm of India’s largest airline IndiGo, has completed the initial closing of its maiden venture capital fund at ₹450 crore. This marks a major milestone in the company’s ambition to back early-stage startups that are transforming the aviation and aerospace ecosystem in India and beyond.

The fund, which was launched in August 2023 with regulatory approval from SEBI, aims to raise a total of ₹600 crore. It targets pre-Series A to Series B stage startups that are aligned with IndiGo’s long-term strategic goals and focused on technological innovation in the aviation sector.

First Investment in Hyderabad-Based Jeh Aerospace

Alongside the fund closure, IndiGo Ventures announced its first investment in Jeh Aerospace, a Hyderabad-based aerospace manufacturing startup. While the investment amount remains undisclosed, the capital will be used to ramp up Jeh’s capabilities in AI-driven production optimization, digital manufacturing, and supply chain integration.

Jeh Aerospace, founded by Vishal Sanghavi and Venkatesh Mudragalla, brings deep industry expertise from their past experience working with aerospace joint ventures involving Tata, Boeing, Lockheed Martin, and Sikorsky.

Jeh Aerospace: Building a Future-Ready Aerospace Ecosystem

In under a year since its launch, Jeh Aerospace has made remarkable progress. The company now employs over 100 engineers and technicians, and has already delivered 100,000+ flight-critical aeroengine components and precision tools built to AS9100 standards, a global aerospace quality benchmark.

The startup has also secured $100 million in long-term contracts with major international aerospace firms, underscoring global confidence in its manufacturing precision and delivery reliability.

According to Jeh’s CEO Vishal Sanghavi, the company is “forging a future-ready aerospace ecosystem using India’s world-class talent, advanced digital platforms, and next-gen manufacturing tools.” He added that IndiGo Ventures’ investment will help Jeh scale up production capacity and meet growing demand from global clients with precision and punctuality.

Pieter Elbers: Partnership Propels Next-Gen Aerospace Innovation

Speaking on the investment, IndiGo CEO Pieter Elbers stated that this collaboration “combines IndiGo’s technical expertise and global reach” with Jeh Aerospace’s innovation-led vision. Elbers noted that the partnership will accelerate the adoption of next-generation technology in India’s aviation and aerospace sectors.

He emphasized that the move not only supports India’s Make-in-India initiative but also enhances Indo-US aerospace ties and strengthens India’s position as a future global aerospace and aviation hub.

Bridging India’s Aerospace Manufacturing Gap

Despite being one of the fastest-growing aviation markets globally, India has yet to fully tap into aerospace manufacturing on a global scale. There is a visible gap between demand and domestic capability—something Jeh Aerospace aims to solve with cutting-edge manufacturing, AI integration, and talent development.

Jeh’s platform is designed to digitally optimize production, reduce turnaround times, and improve cost-efficiency, offering aerospace firms a high-quality alternative to traditional supply chain bottlenecks.

IndiGo Ventures’ Strategic Investment Model

Unlike traditional VC firms, IndiGo Ventures is a strategic corporate venture capital arm, which means it doesn’t just invest funds but also offers industry expertise, operational guidance, and access to global networks.

The firm focuses on startups that align with aviation innovation, supply chain transformation, sustainability, digital technologies, and mobility infrastructure. The investment in Jeh Aerospace fits this vision perfectly, showcasing how capital and strategy can together unlock sectoral growth.

Conclusion: A Big Leap for India’s Aerospace Future

The investment by IndiGo Ventures in Jeh Aerospace is more than just financial—it’s a statement of intent. It marks the beginning of a new chapter in India’s aerospace innovation journey, supporting indigenous capabilities while fostering global partnerships.

With the aviation sector rapidly evolving, strategic investments like these can help India emerge as a trusted global supplier of aerospace components and technology.