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The Venture Codex

Indigo Ventures

Second floor, Emaar Capital Tower 1, Mehrauli - Gurgaon Road, Gurugram, Haryana, 122002, India

Overview

IndiGo Ventures provides funding to startups in aviation and related sectors. The company supports businesses working on air mobility, digital tools, cargo, and aircraft components. It offers access to aviation networks for business expansion. The team brings experience in investment, finance, and aviation operations. The platform allows startups to present business ideas and seek funding support.

Total investments
3
Lead investments
1
Investments · 12mo
3
Active investors
2

Sector focus

  • Aerospace
  • Air Transportation
  • Venture Capital
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Investment portfolio

  • Sarvam AI

    Participated · Series B · Aug 2026

    Sarvam AI is developing a sovereign AI architecture aimed at India, creating specialized large models and a reasoning layer tailored for native languages and high-security use cases. The company is producing models such as Sarvam-30B and a defense-grade platform called Chanakya, and is positioned to serve government departments and global enterprises targeting next‑billion users. Its technical roadmap leverages a government-backed allocation of 4,096 NVIDIA H100 GPUs under the IndiaAI Mission. Co-founders Vivek Raghavan and Pratyush Kumar lead the initiative, and the company emphasizes India-centric intelligence and multilingual enterprise agility. Financially, Sarvam is closing a $300–350 million funding round at a $1.5 billion valuation led by Bessemer Venture Partners with strategic backing from NVIDIA, Amazon, and Prosperity7.

  • Sarla Aviation

    Led · Equity · Apr 2026

    Founded in 2023 and headquartered in Bengaluru, Sarla Aviation is developing a hybrid-electric eVTOL platform and a six-seater electric flying taxi aimed at reducing travel time for intra- and inter-city journeys. The company has built one of India’s largest private eVTOL demonstrators and says its team includes people with experience at global players such as Lilium, Volocopter, Beta Technologies, and Joby Aviation. Sarla emphasizes safety, affordability, and ease of use for its flagship programme and positions its aircraft to operate without runways and at lower costs than helicopters. With backing from investors including Accel and Nikhil Kamath in a prior round and a strategic equity investment from IndiGo Ventures, Sarla is aligning manufacturing capability with airline operational expertise. The company aims to participate in a broader OEM-operator ecosystem and support the commercial deployment of air taxi services across congested urban centres in India.

  • Escape Plan

    Participated · Series A · Jan 2026

    Escape Plan operates a travel-focused retail platform that primarily sells luggage and related gear aimed at India’s mass-market consumers. The company currently generates roughly 80% of its sales online but is shifting to an omnichannel model, planning to open more than 200 physical stores starting with malls in major metros before expanding into Tier-II cities. Its strategy is to become a distribution-first platform that aggregates multiple brands, including third-party labels such as Nasher Miles, Uppercase and Mokobara, so it can cover mass, mass-premium and premium price points under one roof. Escape Plan reports an annualised revenue run rate exceeding ₹300 crore and has invested early in supply-chain control, distribution depth and brand consistency to reinforce trust in a highly fragmented category. The firm emphasizes affordability as the key growth lever, aiming for price parity that brings branded luggage within reach of a wider demographic. A strategic partnership with IndiGo Ventures is expected to unlock product co-development opportunities tailored to the airline’s large passenger base. Management believes that solving for the mass segment—which represents about 80% of India’s luggage market—will enable Escape Plan to become a category leader over the long term.

Team

  • Ankit Sharma

    Managing Partner

    LinkedIn
  • Neetan Chopra

    chief digital & information officer

    LinkedIn