Ex-Pixxel engineer's Parsec Aerospace in talks to raise $10 million for next-gen aerospace engines
Bengaluru-based aerospace startup Parsec Aerospace is in talks to raise around $10 million (about ₹95 crore) in a round led by Nexus Venture Partners, with participation expected from existing investor Lightspeed Venture Partners, Inc42 reported, citing sources. Founded in September 2025 by former Pixxel engineer Effy John, the stealth-mode startup is developing next-generation engines for aerospace applications; details of its engine technology, target customers and proposed use of the fresh capital are not publicly available, and Parsec and Nexus did not respond to Inc42's queries by publication time. The reported talks land amid a sharp rise in Indian deeptech funding: startups raised $290 million across 28 deals in Q3 2026, up from $105 million across 29 deals a year earlier, with recent aerospace-propulsion rounds including D-Propulse Aerospace's ₹25 crore raise and Aeron Systems' ₹45 crore pre-Series B.
DTT summary based on Inc42's report. The full article is on the publisher's site.
In talks to raise about $10 million (around ₹95 crore), led by Nexus Venture Partners; existing investor Lightspeed Venture Partners expected to participate. Not closed; Parsec and Nexus did not comment to Inc42
Next-generation engines for aerospace applications; the startup is in stealth mode and no technical details are public
Effy John, previously an engineer at Bengaluru spacetech startup Pixxel, which builds hyperspectral imaging satellites; Parsec was incorporated in September 2025
Indian deeptech startups raised $290 million across 28 deals in Q3 2026, up from $105 million across 29 deals a year earlier
