New Delhi: IndiGo announced on Tuesday that its corporate venture capital arm, IndiGo Ventures, has received approval from the Securities and Exchange Board of India (SEBI) to establish an Alternative Investment Fund. This significant milestone aims to drive innovation within the aviation sector and beyond.
In an official statement, IndiGo highlighted that the fund will focus on investing in startups poised to redefine the future of aviation, specifically targeting pre-Series A, Series A, and Series B funding stages. The initiative will include investments in cutting-edge technologies and solutions within the aviation industry.
Additionally, the fund plans to invest in consumer startups that enhance the passenger experience across various sectors, including travel, lifestyle, hospitality, and transportation.
Pre-investment activities have already commenced, with IndiGo Ventures engaging with select startups and their founders. For further information about the fund, including its investment thesis and membership details, interested parties can visit GoIndiGoVentures.com.
The fund is anticipated to begin making investments by the end of FY 2024-25. Neetan Chopra, Chief Digital & Information Officer at IndiGo, expressed enthusiasm for the initiative, stating, “As IndiGo embarks on this new journey with IndiGo Ventures, we are committed to fostering innovation and giving wings to aspirations in aviation and beyond. Startups will benefit from IndiGo’s extensive technical expertise and diverse geographical presence, paving the way for the development of new products and services.”
