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

Akasa Air Overview

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

IndiaMumbai

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$649M (Oct 2026)

Valuation

$350M (Feb 2025)

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
Akasa Air valuation by funding round
DateStageValuationRevenue Multiple
Feb 2025Undisclosed stage$350M0.7x
Jul 2021Undisclosed 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

Akasa Air revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2026$649M--Undisclosed stage
Feb 2025$525M$350M0.7xUndisclosed 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

Akasa Air funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2026Undisclosed stagePremji 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 2025Undisclosed stagePremji Invest; AJ Capital; 360 ONE Asset; Claypond Capital$125M$350MPremji 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 2021Undisclosed stageRakesh 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

Investors in Akasa Air by funding rounds participated
InvestorHQRoundsRoleFirst check
Premji InvestIndiaBangalore2ParticipantFeb 2025
Claypond CapitalIndiaBangalore2ParticipantFeb 2025
AJ CapitalSingaporeSingapore1ParticipantFeb 2025

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Akasa 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.

Public and private companies comparable to Akasa Air
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Israir GroupIsraelIsraelPublicly listed$690M$64M$144M-
Aeon LuxeCayman IslandsGeorge TownPrivate--$57M-
VistaJetMaltaVallettaPrivate$2.8B$750M$2.5B0.9x
Gulfstar Air ChartersUnited StatesOrlando, FLPrivate--$26M-
Corporate Travel ManagementAustraliaAustraliaPublicly listed$462M$58M$351M0.7x
KNT-CT HoldingsJapanJapanPublicly listed$1.9B$46M$330M0.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Corporate Travel Management$462M$58M0.7x0.7x5.4x4.0x
KNT-CT Holdings$1.9B$46M0.1x0.1x5.3x-
Net Holding$499M$172M0.8x-2.3x-
On The Beach Group$163M$48M2.2x2.4x7.6x8.7x
Jeju Air$1.2B$64M1.1x0.9x19.2x9.8x
Lion Travel Service Co.$913M$70M0.2x-2.8x-
Theeb$399M$189M2.2x2.0x4.7x4.7x
Hanatour Service$434M$50M0.5x0.6x4.5x5.2x

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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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