Yes, travel without a visa is allowed. According to the Colombian government's "do I need a visa" pagethe Colombian government's "do I need a visa" page, Indian citizens traveling for tourism
do not need a visa to enter Colombia if you are a US or Schengen visa holder with a minimum validity of 180 days at the time of entering Colombia (an airport transit visa is not admissible) or you have residence permit in a Member State of the Schengen Area or in the United States of America.
Do note that all visitors to Colombia at this time must follow the covid-19 safety rules, including filling out the online check-mig form 24 hours before traveling.