IndiGo will put money into journey expertise startups with the Securities and Change Board of India (SEBI) giving it’s nod to the airline’s alternate funding fund.
“The fund will put money into startups which have the potential to redefine the way forward for aviation. These embody startups engaged on cutting-edge applied sciences and options inside the aviation sector. The fund may even look to put money into shopper startups which have a touchpoint within the passenger journey, reminiscent of journey, way of life, hospitality, transportation, and so on,” the airline introduced at the moment.
IndiGo Ventures, its enterprise capital fund has commenced pre-investment actions, together with participating with choose start-ups and their founders. The fund is anticipated to start out investments by the top of FY 2025.
“The startups will profit from IndiGo’s in depth technical experience and numerous geographical imprint, resulting in the event of recent services,” IndiGo’s chief digital and data officer Neetan Chopra mentioned in an announcement.
