by TwirlyPenguinSoftware Developer
CosmicTaco
IndiGo's VC Arm Gets SEBI Approval 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
8mo ago
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