PE Fund Investments
Unimech Aerospace raises $30-M from Steadview Capital, ValueQuest, Evolvence
Bengaluru-based Unimech Aerospace has raised USD 30 million (INR 250 crore) in its maiden round of funding from Steadview Capital Mauritius Ltd, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of INR 3,250 crore (USD 390 million).The proceeds will be used to pursue both organic and inorganic growth and refine products. The company is in the process of filing draft papers for floating an Initial Public Offering (IPO).Founded in 2016 by Anil Puthan, Unimech Aerospace makes high precision tools for aero-engines and airframes, along with complex high precision components, assemblies, for the aerospace, defence, energy, and semiconductor industries.
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