Rangsons Aerospace Secures Rs 300 Cr Funding From ValueQuest Investment Advisors

Rangsons Aerospace, an aerospace and defence tech startup, has raised Rs 300 crore ($36.5 million) in funding from ValueQuest Investment Advisors.

The company plans to use the funds to expand operations and explore new business opportunities through acquisitions.

This is the first investment by ValueQuest Tristar Fund, a Category II AIF that focuses on defence, aerospace and precision engineering.

Read also- Indus Appstore Partners With Xiaomi India To Expand The Homegrown App Marketplace

“We are excited about this fundraise from ValueQuest. It will help accelerate our expansion plans and enhance our ability to serve the growing demands of the aerospace and defence sectors,” said Pavan Ranga, managing director of Rangsons Aerospace.

Ravi Dharamshi, founder and chief investment officer at ValueQuest, said, “With our deep, sector-specific expertise, we are well-positioned to identify and partner with breakthrough entrepreneurs like Pavan and his team at Rangsons to create long-term value.”

About Rangsons Aerospace

Founded in 2011, Rangsons Aerospace is part of the Mysuru-based NR Group and has three manufacturing units in Bengaluru and Mysuru.
The company provides satellite communication systems, thermal management solutions, and fluid distribution systems to major aerospace firms like Boeing, GE, and Honeywell, as well as Indian organizations like ISRO, the Indian Navy, and HAL.

Advertisment

In January 2024, it signed a five-year deal with Boeing to supply tubes and ducts for aerospace systems.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.