IIMA Ventures

IIMA Ventures is an accelerator firm founded in 2007 and based in Ahmedabad, India. The firm aims to deliver significant impact to entrepreneurship in the country by supporting purpose-driven entrepreneurs who leverage technology to address some of India's most pressing challenges. It provides seed funding and incubation support to aspiring entrepreneurs, focusing on sectors such as information technology, cleantech, healthcare, and education. By fostering innovative business models tailored to the Indian context, IIMA Ventures plays a crucial role in nurturing the entrepreneurial ecosystem in India.

Sandeep Koujalgi

VP - Bharat Inclusion Initiative

Vipul Patel

Partner - Seed Investing

Past deals in Aviation

Nabhdrishti Aerospace

Seed Round in 2025
Nabhdrishti Aerospace specializes in the design and development of advanced small gas turbines, focusing on indigenous technology that offers higher efficiency and cost-effectiveness compared to competitors. The company aims to serve various sectors, including hybrid electric urban air mobility, unmanned aerial vehicles (UAVs), cruise missiles, and decentralized power generation. By providing state-of-the-art gas turbines, Nabhdrishti Aerospace empowers clients to utilize cleaner fuels, ultimately contributing to reduced emissions and fostering green technology.

Nabhdrishti Aerospace

Pre Seed Round in 2024
Nabhdrishti Aerospace specializes in the design and development of advanced small gas turbines, focusing on indigenous technology that offers higher efficiency and cost-effectiveness compared to competitors. The company aims to serve various sectors, including hybrid electric urban air mobility, unmanned aerial vehicles (UAVs), cruise missiles, and decentralized power generation. By providing state-of-the-art gas turbines, Nabhdrishti Aerospace empowers clients to utilize cleaner fuels, ultimately contributing to reduced emissions and fostering green technology.

Dreamfly Innovations

Angel Round in 2023
Dreamfly Innovations specializes in the development and manufacturing of advanced battery packs for drone applications. Their lithium and graphene-based batteries provide higher power density, longer lifespan, and efficient operation in extreme temperatures, enabling drone manufacturers to create lighter, more reliable electric aviation solutions.

The ePlane Company

Seed Round in 2020
ePlane aims to tackle urban road traffic congestion by introducing innovative flying solutions. Their flagship product aims to provide a safe, sustainable, and affordable flying experience, contributing to a future of urban mobility that is efficient and eco-friendly.
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