CosmicTaco

IndiGo's VC Arm Gets SEBI Approval to Back Startups

CosmicTaco · 2024-10-16T08:48:33.899400+05:30

- IndiGo has received SEBI's approval to float its **VC arm**, IndiGo Ventures. - The fund will start investing in startups by the end of **FY25**. - It will focus on startups in aviation, travel, lifestyle, hospitality, and transport. - This follows IndiGo's establishment of a financial services division with an initial investment of **INR 30 Cr**. - The move comes amid a surge in startup funding in India, with $8.7 Bn raised in the first nine months of this year. Source: [Inc42](https://inc42.com/buzz/indigo-gets-sebi-nod-to-float-vc-arm-to-back-startups/)

IndiGo has received SEBI's approval to float its VC arm, IndiGo Ventures.
The fund will start investing in startups by the end of FY25.
It will focus on startups in aviation, travel, lifestyle, hospitality, and transport.
This follows IndiGo's establishment of a financial services division with an initial investment of INR 30 Cr.
The move comes amid a surge in startup funding in India, with $8.7 Bn raised in the first nine months of this year.

Source: Inc42