In a strategic move to foster innovation in the aviation industry, the Board of Interglobe Aviation has approved a significant investment of up to Rs 295 crore in the IndiGo Ventures Fund – I. This decision was made during a meeting held on October 25, 2024.
The IndiGo Ventures Fund, part of InterGlobe Aviation Ventures (a Category – II Alternate Investment Fund Trust), aims to channel funds into promising startups at various stages of development, specifically pre-Series A, Series A, and Series B. The primary focus will be on sectors related to aviation and its allied industries.
This investment highlights Interglobe Aviation’s commitment to supporting emerging businesses and driving growth in the aviation sector. Stay tuned to see how this initiative will pave the way for innovative advancements in the industry!
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