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Aerospace Startup Jeh Aerospace Raises USD 11 Mn in Series A Round

Aerospace Startup Jeh Aerospace Raises USD 11 Mn in Series A Round

Entrepreneur10 hours ago
The funding round was led by Elevation Capital, with additional participation from existing investor General Catalyst.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Jeh Aerospace, an aerospace manufacturing startup, has raised USD 11 million in a Series A funding round led by Elevation Capital, with additional participation from existing investor General Catalyst.
The company, headquartered in the US, operates advanced manufacturing facilities in Hyderabad, India. According to its announcement on Tuesday, the newly secured funds will be used to build large-scale factories and further develop its software-defined manufacturing systems aimed at delivering reliable and scalable aerospace production.
The investment follows a strategic funding round from IndiGo Ventures, the venture capital arm of IndiGo, which was announced a month earlier.
Jeh Aerospace was established in 2022 by aerospace industry veterans Vishal R Sanghavi and Venkatesh Mudragalla. Both founders have extensive experience in joint ventures between major US aerospace firms such as Boeing, Sikorsky, and Lockheed Martin, and the Tata Group in India.
Jeh Aerospace focuses on producing aerospace and defense components, tools, and assemblies through a digital-first approach. Its offerings include precision manufacturing, engineering solutions, and supply chain management services for global aerospace and defense clients. The company applies software-driven processes to enhance precision and agility in production.
"Their software-defined manufacturing model addresses a fundamental challenge in the industry—the need for both precision and agility in production. What impresses us most is their ability to combine cutting-edge technology with deep manufacturing expertise, creating a solution that the global aerospace supply chain desperately needs," said Ashray Iyengar, Principal, Elevation Capital.
In early 2024, Jeh Aerospace secured USD 2.75 million in seed funding, also led by General Catalyst. Since then, it has expanded to a team of over 100 employees. Over the past 18 months, the firm has supplied more than 100,000 flight-critical components and tools, and has signed long-term contracts valued at USD 100 million with major aerospace customers.
Akarsh Shrivastava, Partner at General Catalyst, added, "Their software-defined manufacturing approach and proven delivery demonstrate the scalable, reliable production the aerospace industry needs. By harnessing exceptional engineering talent with proximity to US markets, Jeh is reshaping aerospace manufacturing."
The company operates across the US and India using a friend-shoring strategy that leverages market access in the US and manufacturing skills in India. It recently launched the Centre for Skills, an in-house training initiative to develop highly qualified engineers and technicians.
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Trump tariffs live updates: Trump says pharma tariffs could go to 250%, threatens EU if it fails on investment pledge
Trump tariffs live updates: Trump says pharma tariffs could go to 250%, threatens EU if it fails on investment pledge

Yahoo

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Trump tariffs live updates: Trump says pharma tariffs could go to 250%, threatens EU if it fails on investment pledge

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Reuters reports: Read more here. The European Union announced on Monday that it would suspend its two packages of US tariff countermeasures for 6 months. This follows the trade deal the US and EU reached last week Sunday. Reuters reports: Read more here. Swiss gold trading takes spotlight in trade talks with Trump President Trump's tariffs on Switzerland were prompted by the country being the world's largest hub for gold refining. Gold flows in from places like South America, Africa and gets processed in Switzerland and then exported to countries like the US. This gold trade makes Switzerland's exports to the US look large and the refiners don't get to keep most of the profits. Bloomberg News: Read more here. President Trump's tariffs on Switzerland were prompted by the country being the world's largest hub for gold refining. Gold flows in from places like South America, Africa and gets processed in Switzerland and then exported to countries like the US. 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Worries about the impact of President Trump's 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market. In addition, Swatch Group ( Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet President Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States. Hayek told Reuters on Monday he was confident an agreement could still be reached before the tariffs, which were announced on Friday, went into effect on Aug. 7. Bloomberg News reports: Read more here. Swiss stocks took a hit on Monday as the market reopened after a holiday. Worries about the impact of President Trump's 39% export tariffs and a push for drugmakers to lower prices have caused tension in the market. In addition, Swatch Group ( Chief Executive Nick Hayek called on Swiss President Karin Keller-Sutter to meet President Trump in Washington to negotiate a better deal than the 39% tariffs announced on Swiss imports into the United States. Hayek told Reuters on Monday he was confident an agreement could still be reached before the tariffs, which were announced on Friday, went into effect on Aug. 7. Bloomberg News reports: Read more here. Malaysia agrees to boost tech, LNG purchases from US as part of trade deal Reuters reports: Read more here. Reuters reports: Read more here. Trump presses India, China to halt Russian oil buys as trade talks roll on The US and China are making progress on a trade deal, but a major sticking point remains: Washington wants Beijing to stop buying oil from Iran and Russia. China has pushed back, saying it will secure energy based on its own national interests. 'China will always ensure its energy supply in ways that serve our national interests,' China's Foreign Ministry posted on X on Wednesday following two days of trade negotiations in Stockholm, responding to the U.S. threat of a 100% tariff. 'Coercion and pressuring will not achieve anything. China will firmly defend its sovereignty, security and development interests," the ministry said. In India, Prime Minister Narendra Modi has rejected pressure from President Trump, encouraging people to buy local goods. India has not told its oil refiners to stop purchasing Russian oil, and those decisions remain up to each company. 'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.' 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'The world economy is going through many apprehensions — there is an atmosphere of instability,' Modi said at a rally in the northern state of Uttar Pradesh on Saturday. 'Now, whatever we buy, there should be only one scale: we will buy those things which have been made by the sweat of an Indian.'

US Plans Record $100 Billion Bill Sale as Borrowing Needs Mount
US Plans Record $100 Billion Bill Sale as Borrowing Needs Mount

Yahoo

time13 minutes ago

  • Yahoo

US Plans Record $100 Billion Bill Sale as Borrowing Needs Mount

(Bloomberg) -- The US government plans to borrow $100 billion in a single Treasury debt sale this week, an unprecedented figure that showcases both the magnitude of its borrowing needs and its ability to attract investors. PATH Train Service Resumes After Fire at Jersey City Station Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole All Hail the Humble Speed Hump The Treasury said on Tuesday that it will auction $100 billion of four-week bills on Thursday, a record for the maturity and an increase of $5 billion from the previous week. The department has been boosting bill sales to rebuild its cash balance after the debt ceiling was lifted at the beginning of July. But the mammoth size is also likely a harbinger of growing bill auctions ahead to help plug the federal budget deficit. Last week, the Treasury signaled it will rely more on the shortest-dated securities to fund the spending gap at least until 2026, after Treasury Secretary Scott Bessent said in June that yields on longer maturities were too high to consider increasing sales of such debt. The department said it anticipates additional increases in October. 'The increase is just the start given Treasury's desire to focus on additional bill issuance in the coming quarters and years,' said Gennadiy Goldberg, head of US interest-rate strategy at TD Securities. 'So while markets will likely focus on the size, bill auction sizes are only likely to grow further in the coming years.' To put the size of the four-week offering in context, the government will also sell a combined $125 billion of coupon-bearing securities this week: $58 billion of three-year notes on Tuesday, $42 billion of 10-year notes Wednesday and $25 billion of 30-year debt Thursday. The four-week bill offer is also equivalent to more than a quarter of the total amount of bonds the UK sold in its 2024-2025 fiscal year. The latest T-bill increase follows the $5 billion boost in the six-week tenor that was announced last week, to be sold Tuesday. Treasury will also sell $65 billion of 17-week bills Wednesday and $85 billion of 8-week bills on Thursday. Both amounts are unchanged. With cash flowing into US money-market funds, which now hold about $7.4 trillion, there appears to be ample demand for the upsized bill sales, at least for now. Fed Watch One potential complication for money-fund managers is that the Federal Reserve is expected to lower interest rates again as soon as September. When rate cuts are seen as being on the horizon, as has been the case for months, the funds tend to extend the weighted average maturity of their holdings, favoring bills that will carry higher rates for longer. As a result, the weighted average maturity of government money funds — which invest primarily in securities such as T-bills, repurchase agreements and agency debt — has been around 40 days since May, near a record high, according to Bank of America. To BofA strategists Katie Craig and Mark Cabana, that means the funds may not have much capacity to extend and absorb bill supply at tenors longer than 1.5 months. Still, at this point there's little reason to worry about a broad decline in appetite for T-bills on the part of money funds, given that even those that aren't Treasury-only funds use the securities to help fulfill daily liquidity requirements, according to Peter Crane, president of Crane Data LLC. To be sure, Treasury has already borrowed larger amounts via a single security, but those were created via a series of auctions spread out over months. For example, the single largest Treasury on record is a $335 billion issue that matured in April. It began as a $46 billion 1-year bill sold in April 2024 and was expanded via a succession of bill auctions over the following year. The Trump administration has said that its economic policies will lift US growth and increase the Treasury's revenue — reducing deficits. However, most analysts expect outsize borrowing needs for years to come, suggesting the government eventually will need to boost sales of debt across maturities. One reason is that doing so would prevent bills from comprising too great a share of US debt outstanding. The ratio at the end of June level was about 20%. That's the level that the Treasury Borrowing Advisory Committee, an outside panel, recommended last year that bills should average over time. --With assistance from Elizabeth Stanton and David Goodman. (Adds comparison to UK issuance in 7th paragraph.) 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Starbucks under pressure again as Brazilian tariffs hike coffee costs
Starbucks under pressure again as Brazilian tariffs hike coffee costs

Yahoo

time13 minutes ago

  • Yahoo

Starbucks under pressure again as Brazilian tariffs hike coffee costs

Starbucks (SBUX) may soon have to hike prices on its pumpkin spice lattes and bottled Frappuccinos. The coffee giant is facing cost pressure from the 50% tariff on Brazilian coffee imports, which takes effect on Aug. 6. Brazil is the largest coffee exporter to the US. Tariffs will increase Starbucks' cost of goods, particularly for its ready-to-drink (RTD) beverages and packaged beans division. Annual costs in the division could increase by 3.5%, resulting in a $0.02 earnings per share impact, according to a note by TD Cowen analyst Andrew Charles. The company's margins are already under pressure. In its latest quarter, operating margin fell sharply to 13.3% from 21% a year ago. Its US same-store sales declined for the sixth consecutive quarter. Revenue in the quarter climbed 4% year over year to $9.5 billion, beating Wall Street's forecast of $9.3 billion. However, adjusted earnings per share of $0.50 fell far short of the expected $0.65. Its stock has traded slightly lower since its earnings report last week. Year to date, Starbucks shares are down 1%, compared to the S&P 500's (^GSPC) 8% advance. Starbucks has said it will keep prices steady at least through fiscal 2025. But CEO Brian Niccol has not ruled out the possibility of raising prices. "We'll be smart about how we go about increasing any of those prices," Niccol said on Yahoo Finance's Opening Bid after the earnings report. Food giants like Keurig Dr Pepper (KDP) and J.M. Smucker (SJM) have already begun issuing higher prices to offset rising coffee expenses. As costs climb, it may become increasingly difficult for Starbucks to hold out. Read more: How to protect your savings against inflation Raising prices comes with its own risks. Michael Gunther, head of research at Consumer Edge, told Yahoo Finance that Starbucks has been losing market share among 18-to-34-year-olds, a demographic especially sensitive to price hikes. The company needs to remain competitive with fast-growing rivals like Luckin Coffee, he noted. To mitigate the impact, Starbucks is expanding its supply chain and investing more in Central American coffee farms, which it began doing late last year. A Starbucks spokesperson confirmed to Yahoo Finance that the company sources its arabica coffee from 30 countries globally. TD Cowen estimates Brazilian beans make up 22% of Starbucks' coffee costs in North America. Tariffs are expected to affect the wider US coffee sector, fueling 15% to 20% price hikes in ground coffee at a retail level, according to Bernstein analyst Danilo Gargiulo. Gargiulo told Yahoo Finance that Starbucks' hedging strategy may serve as a safeguard against tariffs. Hedging allows companies to secure prices in advance and manage future spending, even when market conditions become volatile. A global reorientation is already underway, Gargiulo noted, with US importers pivoting toward alternative suppliers such as Vietnam and Colombia. "There is zero doubt that they [Starbucks] are working hard to figure out how much supply they can shift, but it's a challenging task," Duane Stanford, editor at Beverage Digest, told Yahoo Finance. These sourcing shifts offer only limited protection because restructuring supply chains takes time and capacity is constrained. Other coffee-producing countries like Vietnam also face tariffs, albeit lower than Brazil's. The Trump administration's constant changes further complicate the matter. "The company has to decide how much effort to put into these alternatives without knowing whether the tariffs will remain in place," Stanford said. Francisco Velasquez is a Reporter at Yahoo Finance. He can be reached on LinkedIn and X, or via email at Sign in to access your portfolio

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