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#Giving wings to your aspirations
National, October 15, 2024: IndiGo, India’s preferred airline, is delighted to announce that IndiGo Ventures, its corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and Exchange Board of India (SEBI), marking a significant milestone in its journey to drive innovation. The Fund will invest in startups that have the potential to redefine the future of aviation and beyond, seeking pre–Series A, Series A and Series B funding. These include startups working on cutting-edge technologies and solutions within the aviation sector. The fund will also look to invest in consumer startups that have a touchpoint in the passenger journey, such as travel, lifestyle, hospitality, transportation, etc.
The Fund has commenced pre-investment activities, including engaging with select start-ups and their founders. GoIndiGoVentures.com has been setup as the portal to access further information about the Fund, including its investment thesis, the core valuation proposition for founders and details on governing entities and their membership. The Fund is expected to start investments by the end of FY 2024-25.
Speaking about this development, Neetan Chopra, Chief Digital & Information Officer, IndiGo, said, “As IndiGo embarks on this new journey with IndiGo Ventures, we are committed to fostering innovation, giving wings to aspirations, in aviation and beyond. The startups will benefit from IndiGo’s extensive technical expertise and diverse geographical imprint, leading to the development of new products and services.”
IndiGo is amongst the fastest-growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are affordable, flights that are on time, and provide a courteous and hassle-free travel experience across its unparalleled network. With its fleet of 370+ aircraft, the airline is operating around 2100 daily flights and connecting 85+ domestic destinations and 30+ international destinations. India by IndiGo! For more information, please visit www.goIndiGo.in or download our mobile app. You can also connect with us on Facebook, Twitter, and Instagram.
To know more about IndiGo Ventures please visit https://goindigoventures.com/
