About IndiGo Ventures
IndiGo Ventures is a venture capital firm founded in 2006. It is primarily based out of Gurugram, India. As of Aug 2026, IndiGo Ventures is an active investor, having invested in 4 companies, with 3 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Transportation and Logistics Tech. Most recently it participated in the $***** Series B round of Sarvam Overall, IndiGo Ventures portfolio has seen 1 unicorn, namely Sarvam. A lot of funds co-invest with IndiGo Ventures, with names like HCL Technologies sharing a substantial percentage of its portfolio. IndiGo Ventures has team of 12 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 1 more
Portfolio Unicorns
IndiGo Ventures' List of All Investments
IndiGo Ventures has a portfolio of 4 companies, one of which is a Unicorn. Their most notable investmentis in Sarla AviationTheir portfolio spans across India and United States. They have invested in High Tech, Enterprise Applications, Transportation and Logistics Tech and 8 other sectors, across stages such as Series A, Seed and 1 more. Here is the list of all investments by IndiGo Ventures:1. Sarvam
Developer of a full-stack generative AI platform designed to build sovereign AI ecosystems for enterprises and governments. The platform provides sovereign models that understand cultural and linguistic diversity, enabling the creation of AI agents and applications tailored for specific needs. It offers infrastructure for serving models efficiently, including voice agents, speech-to-text, text-to-speech, and document digitisation capabilities. The technology supports enterprise workflows through secure, scalable, and compliant deployment options, allowing organizations to integrate advanced language processing into their products and services.
Key facts about Sarvam
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $387M
- Employee Count: 114 as on Aug 31, 2025
- Investors: Glade Brook Capital, Lightspeed and 31 Others
- Latest Funding Round: Series B, Aug 04, 2026, $*****
- Highlight: Editors' Pick
Manufacturer of aerostructures and aero-engine components. The company delivers conforming components from certified facilities by expert aerospace professionals following robust processes. It provides comprehensive aerospace manufacturing solutions for commercial aerospace requirements. The business offers engineering services, tubes and pipes, sheet metal, surface treatment, machining, and structural assembly.
Key facts about Jeh Aerospace
- Founded Year: 2022
- Location: Johns Creek (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Seed
- Total Funding till date: $13.8M
- Employee Count: 64 as on Aug 31, 2025
- Investors: Elevation Capital, General Catalyst and 3 Others
- Latest Funding Round: Seed, Jul 09, 2025, $*****
3. Escape Plan
Online retailer of travel trolleys, suitcases, bags, and related accessories. The business provides a selection of cabin suitcases and luggage sets. Products include trolleys with laptop compartments, hard body luggage sets, and various bags. The retailer offers a warranty and a return policy for purchases.
Key facts about Escape Plan
- Founded Year: 2025
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $30M
- Employee Count: 67 as on Aug 31, 2026
- Investors: Fireside Ventures, Jungle Ventures and 2 Others
- Latest Funding Round: Series A, Jan 22, 2026, $*****
- Highlight: Editors' Pick
Developer of electric vertical take-off and landing aircraft for passenger transport. The company focuses on designing and engineering aircraft intended for urban air mobility. It offers different cabin configurations to accommodate passenger and cargo transport. The company also develops aircraft for medical response purposes.
Key facts about Sarla Aviation
- Founded Year: 2023
- Location: Bengaluru (India)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $13.4M
- Employee Count: 28 as on Apr 30, 2025
- Investors: Singularity AMC, NKSquared Global and 21 Others
- Latest Funding Round: Series A, Jan 23, 2026, $*****
- Highlight: Editors' Pick
IndiGo Ventures' Year-on-Year Investment Trends
In 2025, it made 1 investment, while as of Aug 2026, it has made 4 investments in this year. Its most recent first time investment was in Sarvam and most recent follow-on round was in Sarvam.IndiGo Ventures' Investments by Stage
IndiGo Ventures has made 2 investments in Series A stage with an average round size of $13M, 1 investment in Seed stage with an average round size of $11M and 1 investment in Series B stage with an average round size of $255M.Stage of entry | No. of Investments |
|---|---|
Series A | 2 |
Seed | 1 |
Series B | 1 |
Note: We have considered here, only first round of investments
IndiGo Ventures' Investments by Sector
IndiGo Ventures has a diverse portfolio, with companies operating in the High Tech, Aerospace, Maritime and Defense, Aerospace, Maritime and Defense Tech, Auto Tech and Consumer. Notably, it has invested in 3 Enterprise (B2B) companies, 3 Tech companies, 2 Software companies and at least 1 company focusing on AI-Native.Sector | No. of Investments |
|---|---|
High Tech | 2 |
Aerospace, Maritime and Defense | 1 |
Aerospace, Maritime and Defense Tech | 1 |
Auto Tech | 1 |
Consumer | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
IndiGo Ventures' Investments by Geography
IndiGo Ventures has made most investments in India (3), followed by United States where it has made 1 investment.Country | No. of Investments |
|---|---|
India | 3 |
United States | 1 |
Note: We have considered here, only first round of investments
IndiGo Ventures' recent investments
IndiGo Ventures has made 4 investments in 2026 so far. Sarvam and Sarvam are the latest among them.Here are the most recent investments by IndiGo Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 04, 2026 | India | Series B | 7608 | [+11] | |
Jun 15, 2026 | India | Series B | 1012 | [+12] | |
Jan 23, 2026 | India | Series A | 8683 | - | |
Jan 22, 2026 | India | Series A | 2703 | [+1] | |
Jul 09, 2025 | United States | Seed | 1210 | [+1] |
Unicorns in IndiGo Ventures' Portfolio
IndiGo Ventures has 1 unicorn in its portfolio - Sarvam. The most recent unicorn in their portfolio is Sarvam which became a unicorn in 2026.Here is a list of unicorns in IndiGo Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | Developer of a full-stack generative AI platform designed to build sovereign AI ecosystems for enterprises and governments | 2023 | Bengaluru | Series B | fmbikod |
Team profile of IndiGo Ventures
IndiGo Ventures has a team of 12 members including 6 Partners and 4 Principals located in India and United States. IndiGo Ventures' team sits on the board of 1 company.Here is a list of top team members in IndiGo Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | - | ||
Partner | Delhi | - | ||
Partner | Gurugram | - | - | |
Partner | Bellevue | - | ||
Partner | Delhi | - | ||
Partner | - | - | - | |
Principal | - | - | ||
Principal | Delhi | - | ||
Principal | Gurugram | - | ||
Principal | India | - |
Co-investors of IndiGo Ventures
Over the past year, 59 investors have co-invested in IndiGo Ventures's portfolio companies. This includes funds and angels.
- Invested before IndiGo Ventures: Peak XV Partners, Madhavan Living Trust and 36 others have invested in rounds before IndiGo Ventures. There is 1 company where Peak XV Partners has invested before IndiGo Ventures and 1 company where Madhavan Living Trust has invested before IndiGo Ventures.
- Top Co-investors of IndiGo Ventures: 12 investors entered a company along with IndiGo Ventures. These include investors like HCL Technologies (1 company).
- Invested after IndiGo Ventures: A total of 9 investors have invested in IndiGo Ventures's portfolio after their investments. Top Investors include Nvidia (1 company), Glade Brook Capital (1 company) and P7 Global Holdings (1 company).
Recent News related to IndiGo Ventures
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Indigo Ventures Invests in AI Startup Sarvam AI as Part of Series B FundingIndian Startup News•Aug 29, 2026•IndiGo, Sarvam, Sarvalabs, IndiGo Ventures
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HCLTech, Sarvam Partner for ₹14,257 Crore AI Data Center in OdishaCyberMedia India Online•Jul 24, 2026•HCL Technologies, Sarvam, IBM, Marvell and 8 others
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IndiGo Ventures invests ₹10 crore in Sarla Aviation, backs eVTOL air taxi plansIndiatimes•Apr 17, 2026•IndiGo Ventures, Sarla Aviation, IndiGo,
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Escape Plan raises $25M Series A to expand offline footprintYourStory•Jan 22, 2026•Escape Plan, Fireside Ventures, IndiGo Ventures, Jungle Ventures and 1 other
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Jeh Aerospace Secures $11 Million from Elevation Capital, General Catalyst to Scale Next-Generation Aerospace Manufacturingintelligence360•Aug 21, 2025•Jeh Aerospace, Elevation Capital, General Catalyst, IndiGo Ventures and 1 other
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Jeh Aerospace Secures $11 Mn Funding From Elevation Capital and General CatalystInc42•Aug 05, 2025•IndiGo Ventures, Jeh Aerospace, Elevation Capital, General Catalyst and 13 others
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IndiGo Ventures closes maiden fund at Rs 450 cr, invests in Jeh AerospaceNew Indian Express•Jul 09, 2025•IndiGo Ventures
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