IndiGo Takes Off: New Venture Capital Fund for Travel and Aviation

India's leading airline, IndiGo, known for its dynamic presence in the travel market, plans to further expand its influence. The airline operated by InterGlobe Aviation has received approval from the Indian stock market regulator to launch a venture capital fund. This move aims to significantly strengthen the travel market and aviation industry in South Asia. Named IndiGo Ventures, the new fund will commence its investment activities before the end of the current fiscal year, which concludes on March 31. Planned investments include funding rounds in the Pre-Series A, Series A, and Series B categories, focusing on companies in aviation and related sectors such as travel, lifestyle, hospitality, and food and beverages. The airline has already begun reaching out to selected start-ups to explore potential investment opportunities. However, further details about these partnerships remain confidential for now.