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JJG Aero raises $12 Mn from CX Partners
Entrackr
ยท
1y ago
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 Indiaโs 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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Aerospace components manufacturer JJG Aero raises $12M in funding from CX Partners
IndianStartupNews
ยท
1y ago
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.
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CX Partners strikes fresh investment in manufacturing sector
VCCircle
ยท
1y ago
Medial
CX Partners, a mid-market private equity firm in India, has made a new investment in aerospace components manufacturer JJG Aero. The firm has invested approximately $12 million in the Bengaluru-based manufacturer, which specializes in seating, cargo, landing, electric, and air management systems for the commercial aerospace sector. The investment will allow JJG Aero to expand its capacity and focus on higher value-added components. CX Partners has a portfolio including investments in Barbeque Nation, Sapphire Foods, Thyrocare Technologies, and Ujjivan Financial Services.
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Aerospace parts maker JJG Aero raises $12 million in funding from CX Partners
Economic Times
ยท
1y ago
Medial
Bengaluru-based aerospace components manufacturer JJG Aero has secured $12 million in its first round of funding led by private equity firm CX Partners. The funds will be used to increase manufacturing capacity at its new facility and for further vertical integration. With a focus on the commercial aerospace segment, JJG Aero has experienced 35% annual growth over the past three years. The company plans to capitalise on the high demand for aerospace components by expanding its operations in the sector.
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PE-backed aerospace parts maker JJG Aero seeks fresh fundraise
VCCircle
ยท
4m ago
Medial
JJG Aero Pvt Ltd, an aerospace components manufacturer backed by private equity firm CX Partners, is seeking a new round of institutional funding, nearly a year after its last fundraising. This move indicates the company's aim to bolster its financial resources and possibly expand its operations or capabilities. The development was reported by sources familiar with the situation, highlighting ongoing efforts by JJG Aero to strengthen its market position in the aerospace sector.
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Nabhdrishti Aerospace raises pre-seed round led by IIMA Ventures
Entrackr
ยท
1y ago
Medial
Deeptech startup Nabhdrishti Aerospace has raised Rs 3 crore in its pre-seed round led by IIMA Ventures (Formerly IIMA-CIIE). The proceeds will be used to develop fuel flex combustor prototype via thorough testing on the fuel injector and combustor, the company said in a press release. This will enable the company to showcase the proprietary fuel flex technology. This will be followed by designs within the power range of 300 SHP to 1,000 SHP and above. Founded in 2023 by Rohit Chouhan and Arjun Srivatsa, Nabhdrishti Aerospace will design and develop gas turbine engines, beginning with a 350 SHP turbo-prop engine for aviation and power generation use cases. As per the company, the micro gas turbine (MGT) engines will be developed and manufactured and will feature fuel flexibility to enable clean fuel compatibility and enhanced efficiency. The first product, ND 350, will be a 275 KW Turbogenerator. The same core, when coupled with a propeller, claims to generate 350 SHP that can power UAVs (unmanned aerial vehicle) and hybrid electric VTOLs (vertical take-off and landing). Earlier this month, Bengaluru-based aerospace components manufacturer JJG Aero raised $12 million from CX Partners. In January, Jeh Aerospace raised $2.75 million in a seed funding round led by General Catalyst.
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Kapture CX operating SaaS-based customer support automation platform raises $4M led by CVP
IndianStartupNews
ยท
2y ago
Medial
Kapture CX, a SaaS startup, secures funding of $4M from Cactus Venture Partners. The investment will support Kapture CX in its growth and development as it offers customer experience solutions through its software-as-a-service platform. With this funding from Cactus Venture Partners, the Indian startup aims to further enhance its offerings and expand its reach in the market.
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SaaS startup Kapture CX raises $4 Mn to automate customer support operations
Inc42
ยท
1y ago
Medial
Bengaluru-based B2B SaaS startup Kapture CX has closed its Series A funding round at $4 million, led by Indian private equity fund India Alternatives. Kapture CX offers AI-enabled customer relationship management (CRM) software, allowing companies to engage with customers across various channels. The funding will be used to expand globally and enhance product capabilities, with a focus on AI technology for improved customer experiences. Kapture CX has already expanded operations to the US, UAE, Indonesia, and Saudi Arabia and has over 1,000 customers from 19 countries.
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Top CX Partners executive quits to join Indian conglomerate
VCCircle
ยท
1y ago
Medial
A senior executive from CX Partners, a mid-market private equity firm, has left the company to join an Indian conglomerate. With a valuation of $625 million across 25 investments, CX Partners has notable companies under its umbrella such as Thyrocare and Ujjivan. The departure of the executive indicates a shifting landscape in the private equity sector in India.
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CX Partners revives plan to monetise healthcare bet as it ends dealmaking lull
VCCircle
ยท
1y ago
Medial
Private equity firm CX Partners is preparing to monetize its investment in a healthcare company after a two-and-a-half-year hiatus. This move marks the firm's efforts to revive its dealmaking activities and seek funding from limited partners for its third fund. CX Partners had remained inactive for the past couple of years but is now looking to reengage with the market and capitalize on the potential in the healthcare sector.
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Kapture CX raises $4 Million from India alternatives to strengthen its global footprint
OutlookIndia
ยท
1y ago
Medial
Indian customer support platform Kapture CX has raised $4 million in funding from private equity fund India Alternatives. Kapture CX, which uses AI technology to deliver personalized customer experiences, plans to use the funds to enhance its products and expand its global presence. The company aims to leverage its Gen AI capabilities to meet the growing demand for vertical-focused SaaS solutions. Kapture CX has already achieved significant growth, with over 1,000 customers from 19 countries, and plans to hire an additional 100 employees in the coming year.
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