IndiGo has taken a strategic leap into the startup space with its first ever venture capital investment. IndiGo Ventures, the airline’s corporate venture arm, announced the first close of its inaugural ₹600 crore fund at ₹450 crore and revealed its maiden investment in Hyderabad-based Jeh Aerospace.

Jeh Aerospace, founded by Vishal Sanghavi and Venkatesh Mudragalla—both former leaders in Tata’s aerospace joint ventures—specialises in precision aerospace and defence manufacturing. The company has quickly grown to a 100-member engineering team and delivered over 100,000 flight-critical aeroengine components and tools compliant with AS9100 standards. Jeh Aerospace has also secured long-term contracts worth $100 million from global aerospace majors, reinforcing India’s growing footprint in the global supply chain.

This undisclosed investment marks IndiGo’s intent to back early-stage companies aligned with its innovation-led growth vision. IndiGo Ventures will deploy its fund across startups from pre-Series A to Series B, focusing on aviation and related sectors that strengthen India’s position as a global aviation hub.

Commenting on the partnership, IndiGo CEO Pieter Elbers 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.”

Jeh Aerospace plans to use the new capital to expand its AI-powered production platforms and enhance its digital manufacturing capabilities. “This investment empowers us to scale production capacity to meet growing demand from our global customers. Venky and I are thrilled to collaborate with IndiGo, a global aviation leader, and are honoured to shape the future of aerospace together,” said Vishal Sanghavi, Co-founder & CEO of Jeh Aerospace.

As IndiGo Ventures ramps up its fund deployment, the move highlights not just a financial partnership but also a strategic alignment aimed at boosting domestic aerospace manufacturing and fostering stronger India–US collaboration in the sector.