InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country’s largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday.
IndiGo’s Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments.
