Hyderabad-based aerospace and defence manufacturer Raghu Vamsi Aerospace Group (RVAG) has raised $40 million (around Rs 400 crore) in a round led by growth equity investor Norwest and Skegen Asset Management.
The round also saw participation from Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia, the company said in a statement. The fresh capital will be used to expand manufacturing capacity across its facilities in India, the UK, and the US, develop its integrated manufacturing campus at Hardware Park near Hyderabad International Airport, and strengthen its mission systems and deep-tech businesses.
