The air carrier has set aside about $850,000 for the fund, which will invest in aviation, travel, lifestyle, hospitality and transport startups.

IndiGo plane

InterGlobe Aviation, the owner of India’s largest airline IndiGo, is set to form a corporate venture capital subsidiary.

IndiGo has earmarked Rs 70m ($846,000) for the fund and registered a limited liability partnership, according to a filing. The process will take three years to complete and it will start investing in 2026.

“Given our large consumer base…these investments will help us add value to the airline,” said Gaurav Negi, chief financial officer of IndiGo, in a post-earnings conference call.

In addition to aviation startups, the unit will back early-stage companies operating in related consumer sectors such as travel, lifestyle, hospitality and transport.

Info Edge, Reliance Industries and Tata Group are some of the Indian corporates already investing in startups, but IndiGo is the first airline from the country to explore corporate venturing.

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.