Investment

IndiGo Ventures Makes Debut Investment in Jeh Aerospace After ₹450 Cr Fund Close

• ByStartupStory     |    July 12, 2025

IndiGo Ventures, the corporate venture capital arm of India’s largest airline IndiGo, has announced the first close of its debut fund at ₹450 crore and marked its maiden investment by acquiring a stake in Jeh Aerospace, a Hyderabad-based aviation startup.

Jeh Aerospace, founded by Vishal Sanghavi and Venkatesh Mudragalla, is a precision engineering startup focused on manufacturing high-value aerospace and defence components. Despite being less than a year old, the company has already delivered over 100,000 flight-critical components and tools, secured $100 million in long-term contracts, and scaled to a 100-member team.

The funding, the value of which remains undisclosed, will be used to scale Jeh Aerospace’s advanced digital manufacturing infrastructure, strengthen its AI-led production optimization systems, expand deep supply chain integrations, and attract world-class engineering talent.

IndiGo Ventures was launched in August 2024 following regulatory approvals, with a mandate to back early-stage startups innovating in aviation and adjacent sectors. With a growing focus on homegrown innovation, the investment in Jeh Aerospace also aligns with India’s national goals under the ‘Make in India’ initiative.

Commenting on the development, IndiGo CEO Pieter Elbers stated, “Jeh Aerospace reflects the kind of transformative potential we aim to support—one that strengthens Indo-US aerospace ties, propels Make in India forward, and champions innovation in the aviation sector.”

Jeh Aerospace’s founders bring extensive experience in aerospace and digital manufacturing, and their vertically integrated model positions the company to play a critical role in the future of indigenous aerospace production.

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