- Akasa Air secures $ 125-150M to expand fleet, tech, and global routes.
- New investors include Premji Invest, 360 ONE Asset, and Claypond Capital.
- Airline targets top-30 global ranking by 2030 with disciplined growth.
Akasa Air, India’s fastest-growing airline, announced on August 19 the successful completion of a strategic investment round amounting to approximately $ 125 – 150 million (₹ 1,200 crore). This crucial funding, involving a diverse group of domestic and global investors, underscores the airline’s ambition to accelerate fleet expansion, enhance its international footprint, and invest in technology, safety, and customer experience.
New investors joining the “Akasian family” include Premji Invest, the investment arm supporting the Azim Premji Foundation; 360 ONE Asset, a leading asset management firm; and Claypond Capital, Dr. Ranjan Pai’s investment vehicle. The consortium’s arrival builds on the existing strong backing from the Jhunjwala family, who also infused fresh capital in this round.
Founder and CEO Vinay Dube called the new investments a pivotal moment:
“We warmly welcome our new investors to the Akasian family. Their confidence affirms our vision and strengthens our ability to scale sustainably while keeping customers and employees at the heart of our operations. In just three years, Akasa has flown over 20 million passengers and demonstrated that rapid growth is achievable with discipline, purpose, and heart.”
Investors praised Akasa’s unique market positioning and growth potential. Manoj Jaiswal of Premji Invest highlighted, “Akasa Air is brilliantly positioned to execute on this opportunity,” citing its strong operational discipline and growth strategy. Umesh Agrawal of 360 ONE Asset emphasised the airline’s commitment to building a customer-centric business. “We were drawn by the passion and purpose shown by the leadership team,” added Shyam Powar of Claypond Capital.
Industry experts see the round as a defining milestone for Indian aviation. “A stronger and more capitalised Akasa enhances market stability, fuels competition, and strengthens connectivity. Its strategic growth plans could help India build a globally competitive aviation ecosystem,” said an aviation sector analyst.
Since its launch on August 7, 2022, Akasa Air has built a fleet of 30 aircraft, operates across 29 destinations, and has carried more than 20 million passengers. Notably, the airline has consistently delivered industry-leading load factors and punctuality, outpacing many established players. Its international expansion has gained momentum, with new routes like Mumbai–Phuket commencing September 20, 2025, and plans underway for further growth across South Asia (SAARC) and Southeast Asia (ASEAN) markets.
The capital raised will fuel further fleet acquisitions, 226 Boeing 737 MAX airplanes, including their initial order of 72 aircraft, plus an additional order of 150 ordered recently. The Airline alongside investments in operational resilience, customer experience technologies, and rigorous safety standards. is aiming to sustain rapid growth while adopting disciplined scaling, essential amid evolving market and fuel price dynamics.
This infusion comes at a time when domestic and international air travel in India is rebounding strongly, and industry players are recalibrating to seize the expanding opportunities. “Our goal is clear — to become one of the world’s top 30 airlines by 2030, harnessing our strong cultural DNA and technological edge to redefine air travel from India,” said Dube.By combining deep capital backing with a focused strategy and proven operational capability, Akasa Air is poised to challenge established incumbents and elevate India’s standing in global aviation in the coming decade.
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