Deals · Updated 27 Oct, 06:05 pm IST
Parsec Aerospace, founded by ex-Pixxel engineer, in talks to raise $10M
Why it matters for readers: Explains that a new Bengaluru startup backed by big VCs is working on advanced aerospace engines, though details are scarce.
- Parsec Aerospace is in talks to raise roughly $10 million in a round led by Nexus Venture Partners.1
- Existing investor Lightspeed Venture Partners is expected to participate in the funding round.1
- The Bengaluru startup was founded by former Pixxel engineer Effy John and focuses on next‑generation aerospace engines while remaining in stealth mode.1
- Details on the startup’s engine technology, target customers and planned use of proceeds have not been publicly disclosed.1
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