Exclusive: Ex-Pixxel Engineer Effy John’s Parsec Aerospace In Talks To Raise $10 Mn
Parsec Aerospace is pursuing a funding round of approximately $10 Mn from Nexus Venture Partners with participation from existing investors like Lightspeed Venture Partners. The startup, founded by Effy John after his tenure at satellite imaging company Pixxel, is developing next-generation aerospace engines but has not disclosed technical details or commercialisation plans. The fundraise reflects growing investor interest in India's deeptech sector, which saw funding nearly triple year-over-year in Q3 2026.
Key points
- Parsec Aerospace raising ~$10 Mn led by Nexus Venture Partners
- Founded by ex-Pixxel engineer; developing aerospace engines in stealth mode
- Part of surge in deeptech funding to Indian startups in aerospace and related sectors
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