IndiGo Ventures hits ₹450 cr fund target, backs aerospace startup Jeh; 4 key points

IndiGo Ventures, the corporate venture capital arm of airline major IndiGo, has announced the first close of its maiden fund at ₹450 crore. The firm has also approved its first investment in Hyderabad-based Jeh Aerospace (for an undisclosed amount), one of the fastest-growing aerospace startups focused on high-precision aerospace and defence manufacturing.

What is IndiGo Ventures?

Launched in August 2024 with regulatory approval from SEBI to raise ₹600 crore, IndiGo Ventures is focused on investing in early-stage startups driving 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.

What’s Jeh Aerospace’s vision?

By combining innovative software solutions with optimised manufacturing processes, Jeh enables faster delivery and superior reliability for global aerospace companies. 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. It forges a future-ready aerospace ecosystem by leveraging India’s exceptional talent, advanced manufacturing, and AI-driven digital platforms.

3. What’s the idea behind the investment?

This is IndiGo Ventures’ first investment in Jeh Aerospace, a Hyderabad-based startup reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration.

Pieter Elbers, CEO at IndiGo, says through IndiGo Ventures, the company is excited to partner with Jeh Aerospace. “By combining our technical expertise and global footprint, this partnership will propel the use of next-generation technology in the aerospace and aviation sector. 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.”

The investment empowers the company to scale production capacity to meet growing demand from global customers, ensuring flawless, on-time delivery of high-precision components, says Vishal R. Sanghavi, Co-founder & CEO, Jeh Aerospace.

5. Where does India’s aerospace manufacturing industry stand?

Despite India being one of the world’s fastest-growing aviation markets, the country is still a small player in the global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity.

Jeh says it 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—alumni of Tata’s aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky—Jeh Aerospace combines deep sectoral expertise with sharp operational execution.