Akasa Air, India’s youngest airline, has raised roughly ₹1,200 crore ($125 million) in a strategic investment round. The airline has benefited greatly from this funding, which was revealed in February and shows that investors support its goals despite the difficult aviation sector.
Key Investors Join the Akasian Family
The fresh capital infusion includes contributions from:
- Premji Invest (investment arm of Azim Premji),
- 360 ONE Asset (a leading Indian asset management firm),
- Claypond Capital (the investment office of Ranjan Pai),
- Alongside continued backing from the Jhunjhunwala family, original marquee investors in the airline.
Fueling Expansion and Operational Excellence
The airline said the funds will accelerate its goal to become one of the world’s top 30 carriers by 2030, with investments aimed at:
- Expanding its fleet and network, both domestic and international,
- Enhancing customer experience,
- Strengthening safety, reliability, and technology infrastructure.
CEO Vinay Dube shared that Akasa is growing quickly: “In just three years, Akasa has flown over 20 million passengers…” The airline has 30 aircraft and is expanding into Southeast Asia.
Riding Out Early Losses with Growth Discipline
As is typical for new airlines, Akasa has experienced significant losses. Its standalone net loss increased from ₹1,670 crore in FY24 to around ₹1,983 crore in FY25, according to Business Standard. Rising wages, maintenance expenses, airport fees, and foreign exchange worries are the causes of this growth. Akasa is “net cash positive” in its operations despite these losses, which helps to fund its long-term growth plan. For Indian aviation, this funding round is important.
- Proves investor confidence in disciplined growth strategies,
- Strengthens market competition and sustainability,
- Enhances India’s aspiration to emerge as a global aviation hub.
With deep-pocketed backing and a clear vision, Akasa Air is positioning itself to elevate India’s low-cost carrier segment onto the world stage.
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