Exclusive: Ex-Pixxel Engineer Effy John’s Parsec Aerospace In Talks To Raise $10 Mn

Aerospace technology startup Parsec Aerospace, founded by former Pixxel engineer Effy John, is in talks to raise around $10 Mn (about ₹95 Cr) in a funding round led by Nexus Venture Partners, sources told Inc42. The funding round is also expected to see participation from existing investors, including Lightspeed Venture Partners, the sources added. The Bengaluru-based startup is developing next-generation engines for aerospace applications and remains in stealth mode.