Three funding rounds closed on 20 July 2026, pulling in a combined ~$56 Mn across aerospace manufacturing, quick medicine delivery, and D2C skincare. The headline deal belongs to Hyderabad-based Raghu Vamsi Aerospace Group, which raised $40 Mn in a Series B co-led by Norwest and Skegen Asset Management, reflecting sustained investor appetite for India's advanced hardware and defence sector. Bengaluru's Plazza secured $15 Mn in Series A backing from Accel, Elevation Capital, and Nexus Venture Partners to scale its 15-to-30-minute medicine delivery model. Away from the funding table, Spain is set to become one of the latest countries to accept India's Unified Payments Interface, and more. Plazza's $15 Mn Series A, backed simultaneously by Accel, Elevation Capital, and Nexus Venture Partners, signals strong institutional conviction in pharmacy-focused quick commerce as a distinct category. The segment is already crowded: Flipkart entered via Flipkart Minutes in December 2024, Zepto launched 10-minute medicine delivery in 2025, and Blinkit has been piloting prescription medicine delivery in Bengaluru. The space has also attracted earlier-stage capital, with PlatinumRx raising $6 Mn from Stellaris Venture Partners in September 2025 and Truemeds securing $85 Mn led by Accel and Peak XV Partners. The key differentiation Plazza is betting on is prescription fill rate, claiming over 95% versus an industry average of 50% to 60%, driven by stocking 40,000-plus SKUs per store. Hyderabad-based Raghu Vamsi Aerospace Group (RVAG) is a precision aerospace and defence manufacturer founded over two decades ago by Vamsi Vikas. It supplies components and sub-assemblies to global OEMs, including GE Aerospace, Pratt & Whitney, Honeywell, Safran, and Collins Aerospace, and runs more than 10 facilities across India, the UK, and the US. RVAG raised $40 Mn (~₹387 crore) in a Series B round co-led by Norwest and Skegen Asset Management, with participation from Indus Bridge Ventures, GJNX Ventures, and investor Ashish Kacholia. The company currently holds an order book exceeding ₹2,500 crore. The fresh capital will fund the expansion of manufacturing capacity across its existing facilities, accelerate the development of an integrated manufacturing campus near Hyderabad International Airport, and strengthen its mission systems and autonomous systems businesses, which include micro turbojet engines, missile subsystems, and drone platforms under its ARROBOT brand. Bengaluru-based Plazza was founded in 2024 by Aman Priyadarshi, a former Zomato executive. It operates technology-enabled neighbourhood pharmacies that deliver medicines within 15 to 30 minutes, with each store stocking more than 40,000 pharmaceutical SKUs — roughly eight times the inventory of a typical neighbourhood pharmacy. The startup raised $15 Mn (~₹145 crore) in a Series A round co-led by Accel, Elevation Capital, and Nexus Venture Partners, with existing investors All In Capital and Better Capital also parti
