Indian Airline IndiGo Approves Incorporation of LLP for Venture Capital Investments

IndiGo announced that the Board of Directors of InterGlobe, its parent company, have approved the incorporation of Limited Liability Partnership for venture capital investments, the airline announced in its latest disclosure. The investment amount is Rs. 7 Crore (approx US$1 million). The particulars include investment into startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality, and transportation.

Source: IndiGoPhoto Credit: IndiGo(shown as meta image)