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Aerospace components manufacturer JJG Aero raises $30 Mn led by Norwest

EntrackrEntrackr · 5d ago
Aerospace components manufacturer JJG Aero raises $30 Mn led by Norwest
Medial

Aerospace components manufacturer JJG Aero has raised $30 million in a funding round led by Norwest, marking the venture capital firm’s first investment in aerospace components manufacturing in India. The Bengaluru-based company had previously raised $12 million in a Series A round from CX Partners in April 2024. According to the company, the funds will be used to set up a 200,000 sq ft manufacturing facility in North Bengaluru, expand capacity at existing plants, and invest in advanced processes and sub assemblies. Founded in 2008 by Anuj Jhunjhunwala, JJG Aero manufactures high precision aerospace, automotive, and industrial components and offers build to print machining and special processing services to global OEMs and Tier 1 suppliers, including Collins Aerospace, Safran, and GE. Market research indicates that India accounts for less than 2% of the global aerospace components market. JJG Aero’s product portfolio includes precision machined parts, bushes and washers, brackets, manifolds, landing system components, actuators, fluid systems, and avionics. The company operates over 100 machines across 60,000 sq ft of manufacturing space at facilities in Bommasandra and Jigani near Bengaluru. In the same segment, rival startup Jeh Aerospace raised $11 million in August last year in a funding round led by Elevation Capital. Its early backers also include General Catalyst and IndiGo Ventures.

IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace

EntrackrEntrackr · 7m ago
IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace
Medial

IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace IndiGo Ventures, the corporate venture capital arm of airline company IndiGo, announced the first close of its maiden fund at Rs 450 crore. Launched in August 2024 with regulatory approval from SEBI to raise Rs 600 crore, the fund focuses on investing in early-stage startups driving innovation in aviation and allied sectors. It targets companies at the pre-Series A to Series B stages, emphasizing long-term strategic alignment. With the first close completed, the firm approved an investment in Jeh Aerospace, a company operating in aerospace and defense manufacturing, for an undisclosed amount. This step is part of IndiGo’s innovation agenda, which combines operational expertise with capital to support entrepreneurs addressing challenges in aerospace and related domains. “This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India’s potential to become a global aerospace and aviation hub,” said Pieter Elbers, chief executive officer at IndiGo. Jeh Aerospace will use the investment to scale its digital manufacturing infrastructure, enhance its AI-driven production optimization and supply chain integration platforms, and attract engineering and production talent. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace provides manufacturing, engineering, and supply chain management solutions to the global aerospace and defense industry. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies. In January last year, the Hyderabad-based startup raised $2.75 million in a seed funding round led by General Catalyst, along with participation from angel investors like Pratyush Kumar and Dwarkanath Srinivas.

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