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- Akasa Air
Akasa Air Revenue, Valuation, Funding & Investors
Akasa Air is valued at $350M as of February 2025, a 0.7x revenue multiple. Akasa Air revenue was $649M, as disclosed with its October 2026 round.
Last Akasa Air valuation
$350M
Undisclosed stage · Feb 2025
Last Akasa Air funding round
$47M
Undisclosed stage · Oct 2026
Akasa Air revenue
$649M
Undisclosed stage · Oct 2026
Key investors in Akasa Air
Premji Invest
Claypond Capital
360 ONE Asset
Rakesh Jhunjhunwala
AJ Capital
About Akasa Air
Akasa Air is a Mumbai-headquartered low-cost carrier operating domestic flights across India. Launched in 2022 by SNV Aviation, the airline serves 20 destinations with a fleet of 20 Boeing 737 MAX aircraft. Akasa Air provides online booking, customer support via app and call centers, and emphasizes punctuality on routes from Bengaluru to Delhi.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$649M (Oct 2026)
Valuation
$350M (Feb 2025)
Sectors
Akasa Air Valuation
Akasa Air is currently valued at $350M, based on its undisclosed-stage round in February 2025. Read the announcement ↗
The $125M round included Premji Invest, AJ Capital, 360 ONE Asset and Claypond Capital.
Akasa Air's valuation has grown 4.0x from $87M at its undisclosed-stage round in July 2021 to $350M in February 2025, across 2 priced rounds.
Akasa Air valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Feb 2025 | Undisclosed stage | $350M | 0.7x |
| Jul 2021 | Undisclosed stage | $87M | - |
Akasa Air Revenue
Akasa Air's latest recorded revenue is $649M, as of its undisclosed-stage round in October 2026.
Revenue grew from $525M in February 2025 to $649M in October 2026.
Akasa Air revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2026 | $649M | - | - | Undisclosed stage |
| Feb 2025 | $525M | $350M | 0.7x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Akasa Air Funding History
Akasa Air has raised a total of $207M across 3 funding rounds.
Akasa Air's first fundraising round was a $35M undisclosed-stage round in July 2021. The most recent completed round was a $47M undisclosed-stage round in October 2026.
Akasa Air funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Undisclosed stage | Premji Invest; Claypond Capital | $47M | - | Akasa Air raised INR 450 crore, about INR 4.5 billion, in fresh capital by issuing compulsorily convertible preference shares to existing investors, according to reports of 26 October 2026. Shareholders approved the issue at an extraordinary general meeting on 30 September. The Jhunjhunwala family led the round with INR 217 crore, followed by the family office of Azim Premji with INR 94 crore, and the family office of Ranjan Pai also took part, among 29 entities and individuals. The airline said the money would meet operating expenses and fund expansion. The shares convert into equity at a later date. Akasa Air, operated by SNV Aviation, launched flights in August 2022 and is based in Mumbai. In the year to March 2026 it reported operating revenue of INR 6,168 crore, up 35 per cent, and a net loss of INR 2,716 crore. Premji Invest and Claypond Capital, the Pai family vehicle, had invested in an earlier round completed in August 2025. |
| Feb 2025 | Undisclosed stage | Premji Invest; AJ Capital; 360 ONE Asset; Claypond Capital | $125M | $350M | Premji Invest, 360 ONE Asset and Claypond Capital, the investment office of Ranjan Pai, agreed in February 2025 to invest in Akasa Air, the Indian airline operated by SNV Aviation, alongside additional capital from the Jhunjhunwala family. Reports put the raise at about $125 million, with sources indicating a valuation near $350 million; the airline did not disclose the amount or the stakes. The transactions were completed in August 2025 after regulatory approvals, including from the Competition Commission of India. Akasa Air said the capital would support fleet expansion, technology and safety. The airline launched flights in August 2022 and is based in Mumbai. For the year to March 2025 it reported revenue growth of 49 percent, load factors above 87 percent and a fleet of about 30 Boeing 737 MAX aircraft. Management has said it targets 226 aircraft by 2032 and an IPO within a few years. |
| Jul 2021 | Undisclosed stage | Rakesh Jhunjhunwala (lead) | $35M | $87M | - |
Who has invested in Akasa Air?
5 investors have backed Akasa Air across its funding rounds, including Premji Invest, Claypond Capital, 360 ONE Asset, Rakesh Jhunjhunwala and AJ Capital.
Lead investors include Rakesh Jhunjhunwala.
Akasa Air Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Feb 2025 | ||
| 2 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAkasa Air Competitors
Akasa Air competitors include listed companies like Israir Group, Corporate Travel Management and KNT-CT Holdings, and private ones like Aeon Luxe, VistaJet and Gulfstar Air Charters.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $690M | $64M | $144M | - | ||
| Private | - | - | $57M | - | ||
| Private | $2.8B | $750M | $2.5B | 0.9x | ||
| Private | - | - | $26M | - | ||
| Publicly listed | $462M | $58M | $351M | 0.7x | ||
| Publicly listed | $1.9B | $46M | $330M | 0.1x |
Akasa Air Public Comps
Akasa Air is still privately-owned, but its public comps include Corporate Travel Management, KNT-CT Holdings, Net Holding, On The Beach Group, Jeju Air, Lion Travel Service Co., Theeb, Hanatour Service, Afcom Holdings and AirAsia Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $462M | $58M | 0.7x | 0.7x | 5.4x | 4.0x | |||
| $1.9B | $46M | 0.1x | 0.1x | 5.3x | - | |||
| $499M | $172M | 0.8x | - | 2.3x | - | |||
| $163M | $48M | 2.2x | 2.4x | 7.6x | 8.7x | |||
| $1.2B | $64M | 1.1x | 0.9x | 19.2x | 9.8x | |||
| $913M | $70M | 0.2x | - | 2.8x | - | |||
| $399M | $189M | 2.2x | 2.0x | 4.7x | 4.7x | |||
| $434M | $50M | 0.5x | 0.6x | 4.5x | 5.2x | |||
This data is available for Pro users. Sign up to see all Akasa Air competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Akasa Air
| When was Akasa Air founded? | Akasa Air was founded in 2021. |
| Where is Akasa Air headquartered? | Akasa Air is headquartered in Mumbai, India. |
| Is Akasa Air publicly listed? | No, Akasa Air is a private, VC-backed company. |
| What is Akasa Air's valuation? | Akasa Air was last valued at $350M in its undisclosed-stage round in February 2025. |
| How much funding has Akasa Air raised? | Akasa Air has raised $207M across 3 funding rounds. |
| What was Akasa Air's last funding round? | Akasa Air's last funding round was a $47M undisclosed-stage round in October 2026. |
| Who are Akasa Air's investors? | Akasa Air's investors include Premji Invest, Claypond Capital, AJ Capital, Rakesh Jhunjhunwala and 360 ONE Asset. |
| What is Akasa Air's revenue? | Akasa Air's latest recorded revenue is $649M (October 2026). |
| Which companies are comparable to Akasa Air? | Companies comparable to Akasa Air include Israir Group, Aeon Luxe, VistaJet, Gulfstar Air Charters, Corporate Travel Management and KNT-CT Holdings. |
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