Latest news with #VishalR.Sanghavi
United News of India
6 days ago
- Business
- United News of India
IndiGo Ventures takes flight with first close of its fund at Rs 450 crore; makes debut investment in Jeh Aerospace
Hyderabad, July 9 (UNI) IndiGo Ventures, the corporate venture capital arm of India's preferred airline IndiGo, today announced the first close of its maiden fund at Rs 450 crore. This is IndiGo Ventures' first investment in Jeh Aerospace, a Hyderabad-based startup reimagining aerospace component supply chains through precision engineering, cost-efficient manufacturing, and seamless digital integration. In August last year, IndiGo Ventures, launched with regulatory approval from SEBI to raise Rs 600 crore, is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment, the company said in a release. This first close and investment 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. Coinciding with this milestone, the firm has also approved its first investment in Jeh Aerospace (for an undisclosed amount), one of the fastest-growing aerospace startups focused on high-precision aerospace and defence manufacturing. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies. Pieter Elbers, Chief Executive Officer at IndiGo, said: 'Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub.' Vishal R. Sanghavi, Co-founder & CEO, Jeh Aerospace, said: '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'. 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. Jeh will deploy the investment to scale its advanced digital manufacturing infrastructure, enhance its AI-driven production optimisation and deep supply chain integration platforms, and attract world-class engineering and production talent. 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. UNI KNR RN
The Hindu
6 days ago
- Business
- The Hindu
IndiGo Ventures invests in Jeh Aerospace, secures ₹450 crore for maiden fund
IndiGo Ventures, the corporate venture capital arm of air carrier IndiGo on Wednesday announced the first close of its maiden fund at ₹450 crore. The firm has also approved its first investment in Jeh Aerospace, a Hyderabad-based aerospace startup focused on high-precision aerospace and defence manufacturing. It, however, did not disclose how much it is investing. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of specialised engineers and technicians, delivered 1,00,000 flight-critical aeroengine components and precision tools meeting AS9100 standards and secured $100 million in long-term contracts with global aerospace companies, IndiGo Ventures said. Jeh will deploy the investment to scale its digital manufacturing infrastructure, enhance AI-driven production optimisation and deep supply chain integration platforms and attract world-class engineering and production talent. Launched in August 2024 with regulatory approval from SEBI to raise ₹600 crore, IndiGo Ventures is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment, it said in a release. 'Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. By combining our technical expertise and global footprint, this partnership will propel use of next-generation technology in the aerospace and aviation sector,' IndiGo CEO Pieter Elbers said. 'The investment will empower to scale production capacity to meet growing demand from global customers, ensuring flawless, on-time delivery of high-precision components,' Jeh Aerospace co-founder and CEO Vishal R. Sanghavi said.
Time of India
6 days ago
- Business
- Time of India
IndiGo Ventures closes maiden fund of Rs 450 crore; to invest 'undisclosed amount' in Jeh Aerospace
NEW DELHI: IndiGo Ventures, the corporate venture capital arm of India's biggest budget airline, Wednesday announced the first close of its maiden fund at ₹450 crore. An undisclosed amount will be invested in Jeh Aerospace, one of the fastest growing aerospace startups focused on high- precision aerospace and defence manufacturing. Tired of too many ads? go ad free now IndiGoVentures was launched in Aug 2024 to raise ₹600 crore and invest in early-stage startups driving innovation in aviation and allied sectors. IndiGo CEO Pieter Elbers said: 'At IndiGo, we are driven by a vision of connecting India to the world and making it a global aviation hub. Through IndiGo Ventures, we are excited to partner with Jeh Aerospace, a homegrown brand that shares our vision and spirit of strengthening the Indian aviation ecosystem. By combining our technical expertise and global footprint, this partnership will propel use of next-generation technology in the aerospace and aviation sector. This investment also strengthens the Indo-U.S. aerospace ties, advances make-in-India and accelerates innovation, contributing to realising India's potential to become a global aerospace and aviation hub.' Jeh Aerospace co-founder & CEO Vishal R. Sanghavi said: '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… thrilled to collaborate with IndiGo… to drive innovation and shape the future of aerospace together. Tired of too many ads? go ad free now ' With a 100-member team of specialised engineers and technicians, Jeh Aerospace delivered a lakh flight-critical aero engine components and precision tools and secured $100 million in long-term contracts with global aerospace companies. This is IndiGo Ventures' first investment in Jeh Aerospace, which has been founded by Vishal Sanghavi and Venkatesh Mudragalla — alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky.
New Indian Express
6 days ago
- Business
- New Indian Express
IndiGo Ventures closes its maiden fund at Rs 450 crore; invests in Jeh Aerospace
NEW DELHI: IndiGo Ventures, the corporate venture capital arm of India's largest airline IndiGo, on Wednesday announced the first close of its maiden fund at Rs 450 crore. IndiGo has also approved its first investment (an undisclosed amount) in Hyderabad-based Jeh Aerospace, a fast-growing startup focused on high-precision aerospace and defence manufacturing. 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 $100 million in long-term contracts with global aerospace companies. 'By combining our technical expertise and global footprint, this partnership 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,' said Pieter Elbers, Chief Executive Officer at IndiGo. In a statement, IndiGo said that despite India being one of the world's fastest-growing aviation markets, the country is still a small player in global aerospace manufacturing industry, highlighting a significant gap in domestic manufacturing capacity. It added that 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 world-class engineering and production talent. Vishal R. Sanghavi, Co-founder & CEO, Jeh Aerospace said that this investment empowers them to scale production capacity to meet growing demand from their global customers, ensuring flawless, on-time delivery of high-precision components. Jeh is founded by Sanghavi and Venkatesh Mudragalla, alumni of Tata's aerospace joint ventures with Boeing, Lockheed Martin, and Sikorsky. IndiGo Ventures, launched in August 2024 with regulatory approval from SEBI to raise Rs 600 crore, is focused on investing in early-stage startups driving innovation in aviation and allied sectors. The fund targets companies at the pre-Series A to Series B stages, with an emphasis on long-term strategic alignment.
