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Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners

IndianStartupNewsIndianStartupNews · 1y ago
Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners
Medial

Bengaluru-based aerospace components manufacturer JJG Aero has secured $12 million in funding from CX Partners. The funds will be used to expand the company's manufacturing capacity and support other corporate initiatives. JJG Aero specializes in manufacturing high-precision machined components for the commercial aerospace, automotive, and industrial segments. The company has experienced significant growth in recent years, and the investment will help it meet the rising demand in the aerospace supply chain. CX Partners believes that aero-parts and component manufacturing is an emerging segment in India's manufacturing outsourcing story and sees JJG Aero well-positioned to capitalize on the opportunities.

Cactus Partners leads $7 Mn Series A round in Brandworks Technologies

EntrackrEntrackr · 16d ago
Cactus Partners leads $7 Mn Series A round in Brandworks Technologies
Medial

Cactus Partners leads $7 Mn Series A round in Brandworks Technologies Early-growth venture capital fund Cactus Partners (CPL) has led a $7 million (Rs 61 crore) Series A round in Brandworks Technologies, a fast-growing electronics R&D and manufacturing company. The round also saw participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. The fresh capital will be used to expand R&D centers, enter key global markets, invest in next-gen product platforms, and scale manufacturing with new high-efficiency production lines. It also plans to hire top engineering and operations talent to strengthen its innovation capabilities. Founded by Ishwar Kumhar and Nikita Kumawat, Brandworks specializes in next-generation electronics design and manufacturing, delivering solutions across AI hardware, IoT, advanced audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. The firm partners with leading global chipmakers to co-create technology with a focus on design excellence, manufacturing precision, and customer success. This is Cactus Partners’ 11th investment from its maiden fund and its third in the manufacturing sector, following previous bets on companies like Lohum, Indigrid, Intangles, and Vitraya.

JJG Aero raises $12 Mn from CX Partners

EntrackrEntrackr · 1y ago
JJG Aero raises $12 Mn from CX Partners
Medial

Bengaluru-based aerospace components manufacturer JJG Aero has raised $12 million (approximately Rs 100 crore) from CX Partners. The fresh proceeds will be primarily used for increasing its manufacturing capacity at its new facility, vertical integration, and other corporate initiatives. Founded in 2008, JJG Aero offers a wide range of manufacturing services, complemented by over 30 NADCAP-approved special processes, including electroplating, anodizing, paint, and NDT. While the company is primarily focused on building its business in the commercial aerospace segment, its diverse capabilities are put to use with its customers in automotive and industrial segments. The company claims to work with American and European OEMs including tier-1 vendors and achieve 35% CAGR over the last three years. Before this latest investment, JJG Aero was completely owned by J.J Glastronics Private Limited with 99.97% holding. According to startup data intelligence platform TheKredible, JJG Aero registered a 2.2X year-on-year growth to Rs 87 crore during the fiscal year ended March 2023. Significantly, the profits of the Bengaluru-based firm surged 3.2X to Rs 7.5 crore in the same period. The firm is yet to file FY24 financial results. The investment in India’s spacetech funding tripled between 2021 and 2023. As per data compiled by TheKredible, the total funding in the sector surged nearly 3X to nearly $100 million in 2023 from $32.44 million in 2021. Some of the top fundraisers include Pixxel, Skyroot Aerospace, and AgniKul Cosmos among others. In the ongoing calendar year, its direct competitor Jeh Aerospace raised $2.75 million in a seed funding round led by General Catalyst.

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