Private Equity PE-VC Fund Investments
Defence-tech firm Axial Aero raises Rs.51-Cr led by Ashish Kacholia, Rainmatter
Source Axial Aero (opens in a new tab)World Startup News (opens in a new tab)
Hyderabad-based Axial Aero has raised INR 51 crore (USD 5.3 million) in a Series A round with participation from Ashish Kacholia (Lucky Investment Managers) and Rainmatter. IndusWhale Capital Advisors acted as the financial advisor to the company.Founded in 2020 by Praveen Bala, Ramesh Krishnan and Srikanth Tiyyagura, Axial Aero develops flight simulation and digital terrain technologies for military and commercial aviation.