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IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace

EntrackrEntrackr · 1m ago
IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace
Medial

IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace IndiGo Ventures, the corporate venture capital arm of airline company IndiGo, announced the first close of its maiden fund at Rs 450 crore. Launched in August 2024 with regulatory approval from SEBI to raise Rs 600 crore, the fund focuses on investing in early-stage startups driving innovation in aviation and allied sectors. It targets companies at the pre-Series A to Series B stages, emphasizing long-term strategic alignment. With the first close completed, the firm approved an investment in Jeh Aerospace, a company operating in aerospace and defense manufacturing, for an undisclosed amount. This step is part of IndiGo’s innovation agenda, which combines operational expertise with capital to support entrepreneurs addressing challenges in aerospace and related domains. “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,” said Pieter Elbers, chief executive officer at IndiGo. Jeh Aerospace will use the investment to scale its digital manufacturing infrastructure, enhance its AI-driven production optimization and supply chain integration platforms, and attract engineering and production talent. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace provides manufacturing, engineering, and supply chain management solutions to the global aerospace and defense industry. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of 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. In January last year, the Hyderabad-based startup raised $2.75 million in a seed funding round led by General Catalyst, along with participation from angel investors like Pratyush Kumar and Dwarkanath Srinivas.

Rangsons Aerospace raises Rs 300 Cr led by ValueQuest

EntrackrEntrackr · 5m ago
Rangsons Aerospace raises Rs 300 Cr led by ValueQuest
Medial

Rangsons Aerospace, a product technology firm for aerospace, defense and homeland security, has raised Rs 300 crore ($36.5 million) led by ValueQuest Investment Advisors and had Anand Rathi Advisors as the financial advisor for the transaction. The proceeds will be used to produce products and solutions for the commercial and military aviation markets globally, and drive growth into new business areas through strategic acquisitions. Rangsons Aerospace is part of NR Group, a business group based in Mysore. It has three facilities across Bangalore and Mysore. Its product lines include satellite communications systems, airborne thermal management, and fluid distribution solutions. Rangsons is a tier I partner to global aerospace majors such as Boeing, GE, and Honeywell, among others. It also supplies several critical systems to Indian majors such as ISRO, Indian Navy, HAL and others.

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