India, July 20 -- Hyderabad-based aerospace and defence manufacturing company Raghu Vamsi Aerospace Group (RVAG) has raised $40 Mn (about Rs.385 Cr) in a funding round led by Norwest and Skegen Asset Management.

The round also saw participation from Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia.

The fresh capital will be used to expand the company's manufacturing capacity across its facilities in India, the UK and the US, speed up the development of its integrated manufacturing campus at Hardware Park near Hyderabad International Airport, and strengthen its mission systems and deeptech businesses.

Founded more than two decades ago, RVAG manufactures precision aerospace components and sub-assemblies for global compa...