Hyderabad's Raghu Vamsi Aerospace Group Soars with $40M Series B to Power India's Deeptech Defence Push
Raghu Vamsi Aerospace Group (RVAG), a Hyderabad-based precision manufacturing and deeptech company, has closed a significant $40 million Series B funding round, marking one of the larger private investments in India's fast-growing aerospace and defence sector. The round was co-led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures, and noted ace investor Ashish Kacholia.
Who Is RVAG?
Founded and headquartered in Hyderabad, RVAG operates at the intersection of precision engineering and cutting-edge deeptech. The company designs and manufactures critical components for aerospace and defence applications, as well as autonomous systems — serving clients and markets across India, the United Kingdom, and the United States. Its multi-geography footprint positions RVAG as a globally integrated player, rather than a purely domestic supplier, giving it a distinct edge in winning international contracts and partnerships.
Why This Round Matters
India's defence and aerospace manufacturing ecosystem is undergoing a historic transformation. With the Indian government aggressively pushing its 'Atmanirbhar Bharat' (self-reliant India) policy and increasing defence budgets, private players like RVAG are stepping into spaces previously dominated by public sector giants. The involvement of Norwest — a globally respected multi-stage venture and growth equity firm — alongside Skegen Asset Management signals strong international confidence in India's private aerospace manufacturing capabilities.
The participation of Ashish Kacholia, widely regarded as one of India's sharpest stock market and private market investors, further validates RVAG's business fundamentals and long-term growth trajectory. His backing often acts as a strong signal for the broader investor community.
What's Next for RVAG?
While the company has not disclosed a detailed breakdown of fund deployment, the fresh capital is expected to accelerate manufacturing capacity expansion, deepen its autonomous systems capabilities, and strengthen its global supply chain integrations across its India, UK, and US operations. With defence budgets rising globally and demand for precision-engineered components surging, RVAG appears well-positioned to capitalize on a multi-year tailwind.
This funding round firmly places Hyderabad on the map as an emerging hub for deeptech defence innovation — and signals that global capital is increasingly ready to bet big on India's aerospace ambitions.