Hyderabad-based Axirium Aerospace raises $3.5 million in funding led by Shastra VC and BEENEXT

Axirium Aerospace has raised $3.5 million in seed funding led by Shastra VC and BEENEXT, marking an important step for the Hyderabad-based aerospace component manufacturer as it builds out its precision-engineering capabilities.

Angel investors Ashish Gupta, former MD and cofounder of Helion Advisors, and PVS Raju, vice chairman of AIG Hospitals, also participated.

The startup will use the funds to scale its precision-manufacturing setup, expand its engineering, quality and operations teams, and establish its first production facility. It will also focus on strengthening its supplier ecosystem, deepen global customer outreach and pave the way for future Tier-1 and Tier-2 partnerships.

Founded in 2025 by Nishant Khurana, Neeraj Agarwal and Piyush Agarwal, Axirium focuses on high-precision components for global aerospace customers. Its capabilities include precision machining, sheet-metal fabrication, tubing and structural sub-assemblies, supported by digital manufacturing processes and lean operations.

The startup is building an end-to-end supply chain model to offer faster lead times, predictable delivery and high repeatability for global programmes.

“At Axirium, our mission is to build world-class precision capabilities that not only meet global standards but redefine them. We are committed to becoming the partner of choice for our customers by consistently delivering precision, reliability and value. This fundraise will enable us to expand capacity, deepen our engineering and manufacturing excellence, and build long-term partnerships that strengthen global supply chains,” said Nishant Khurana, cofounder and CEO.

The founding team previously worked across major aerospace programmes at Tata Advanced Systems, where they spent more than 15 years in leadership roles in precision manufacturing and global supply chain operations.

“Global aerospace supply chains are undergoing seismic shifts, with India expected to see an outsized market share gain due to numerous advantages. The founding team’s 15 plus years of domain excellence at TASL, coupled with its cutting-edge digital precision manufacturing capabilities, position Axirium very well to spearhead this change,” said Vasant Rao, managing partner at Shastra VC.

“Axirium’s strong foundation in precision manufacturing and commitment to operational excellence position them uniquely to redefine the global aerospace ecosystem. Their disciplined approach, powered by lean processes, Six Sigma principles and digital manufacturing, has enabled them to achieve world-class precision from the outset,” said Anirudh Garg, partner at BEENEXT.

India’s aerospace parts manufacturing market was valued at $13.6 billion in 2023 and is projected to reach $21.48 billion by 2030, according to Grand View Research.