IndiGo Ventures expects to begin investments by the end of FY 2024-25
IndiGo Ventures, the corporate venture capital fund of India’s largest carrier IndiGo, said it is expected to begin investments by the end of FY 2024-25.
The fund will focus on startups that have the potential to reshape the future of aviation and related sectors, offering pre-Series A, Series A, and Series B funding. It will target startups working on innovative technologies in aviation as well as consumer-focused ventures in areas like travel, lifestyle, hospitality, and transportation, the company said in a statement Tuesday.
IndiGo has launched the website GoIndiGoVentures.com, which provides information on the fund’s investment strategy, value proposition for founders, and details about the governing entities.
IndiGo first announced its intention to launch a venture capital fund in August last year. When asked about acquisition possibilities in an earlier interview with ET, CEO Pieter Elbers had explained that the company had been focused on putting the necessary infrastructure in place for the fund.
Neeraj Chopra, Chief Digital & Information Officer at IndiGo, emphasized the company's commitment to fostering innovation and supporting startups, saying, “IndiGo Ventures will help develop new products and services by leveraging IndiGo’s technical expertise and broad geographical presence.”
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