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