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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.

Kaynes Technologies inaugurates EMS facility in Hyderabad

Economic TimesEconomic Times · 11m ago
Kaynes Technologies inaugurates EMS facility in Hyderabad
Medial

Kaynes Technologies has opened an advanced electronics unit near Hyderabad, focusing on smart meters and electronics manufacturing. The facility will initially serve Brightgrid as its first customer but aims to attract multiple customers. The plant is equipped with cutting-edge manufacturing technologies and will cater to various sectors including industrial, automotive, medical electronics, aerospace, and telecommunications. Kaynes Technology offers end-to-end electronics system design and manufacturing solutions, ranging from design and prototyping to turnkey manufacturing and support. The company is awaiting approval to set up an advanced OSAT unit, with potential locations in Gujarat and Telangana.

Investors Crown Hyderabad As India’s Next Startup Powerhouse

Inc42Inc42 · 1y ago
Investors Crown Hyderabad As India’s Next Startup Powerhouse
Medial

Hyderabad, India, has emerged as a significant startup destination with more than 240 funded startups and over $2.6 billion in total funding between January 2014 and August 2023. The city's superior infrastructure, affordable real estate, competitive cost of living, and access to a skilled workforce have made it an attractive destination for founders and investors. Hyderabad has also become popular for B2B SaaS, manufacturing, fintech, and IT sectors, partly due to the presence of organizations like T-Hub and the availability of skilled talent from institutions like IIT-Hyderabad. The city's central location and proactive government policies have further contributed to its growth as a startup hub.

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