<p>Mumbai: IndiGo Ventures, the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore.</p>.<p>Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace, without disclosing the amount.</p>.<p>Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said.</p>.<p>Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors.</p>.<p>The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment.</p>.<p>This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said.</p>.<p>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.</p>.Delhi-bound IndiGo flight returns to Patna after takeoff due to technical snag, all onboard safe.<p>Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said.</p>.<p>"By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo.</p>.<p>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, it stated.</p>.<p>"At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.</p>
<p>Mumbai: IndiGo Ventures, the corporate venture capital arm of domestic carrier IndiGo, on Monday announced the first close of its maiden fund at Rs 450 crore.</p>.<p>Besides, the company also announced the first investment in Hyderabad-based aerospace startup Jeh Aerospace, without disclosing the amount.</p>.<p>Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimization and deep supply chain integration platforms, and attract engineering and production talent, it said.</p>.<p>Launched in August last year with approval from SEBI to raise Rs 600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors.</p>.<p>The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment.</p>.<p>This first close and investment (in Jeh Aerospace) marks a significant step in IndiGo's broader innovation agenda' combining operational expertise with capital to empower entrepreneurs solving critical challenges in aerospace and related domains, it said.</p>.<p>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.</p>.Delhi-bound IndiGo flight returns to Patna after takeoff due to technical snag, all onboard safe.<p>Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialized engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured USD100 million in long-term contracts with global aerospace companies, IndiGo Ventures said.</p>.<p>"By combining our technical expertise and global footprint, this partnership (with Jeh Aerospace) will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-US aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub," Pieter Elbers, Chief Executive Officer at IndiGo.</p>.<p>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, it stated.</p>.<p>"At Jeh Aerospace, we are forging a future-ready aerospace ecosystem by leveraging India's exceptional talent, advanced manufacturing, and AI-driven digital platforms. This investment empowers us to scale production capacity to meet growing demand from our global customers, ensuring flawless, on-time delivery of high-precision components," said Vishal R. Sanghavi, Co-founder and CEO, Jeh Aerospace.</p>