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- Akasa Air
Akasa Air Valuation, Funding & Investors
Akasa Air is valued at $87M as of July 2021.
Last Akasa Air valuation
$87M
Undisclosed stage · Jul 2021
Last Akasa Air funding round
$125M
Undisclosed stage · Feb 2025
Cumulative funding Akasa Air raised
$160M
across 2 funding rounds
Key investors in Akasa Air
Premji Invest
360 ONE Asset
Claypond Capital
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
Valuation
$87M (Jul 2021)
Sectors
Akasa Air Valuation
Akasa Air is currently valued at $87M, based on its undisclosed-stage round in July 2021.
The $35M round was led by Rakesh Jhunjhunwala.
Akasa Air valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Undisclosed stage | $87M |
Akasa Air Funding History
Akasa Air has raised a total of $160M across 2 funding rounds.
Akasa Air's first fundraising round was a $35M undisclosed-stage round in July 2021. The most recent completed round was a $125M undisclosed-stage round in February 2025.
Akasa Air funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2025 | Undisclosed stage | Premji Invest; AJ Capital; 360 ONE Asset; Claypond Capital | $125M | - | Akasa Air, India's fastest-growing airline founded in 2022, received a $125 million capital infusion in July 2025 from investors including Premji Invest, 360 ONE Asset, AJ Capital, and Claypond Capital. The airline had achieved cash-positive status and held a 5.4–5.5% share of India's domestic aviation market by mid-2025, with approximately 30 aircraft and 19 million passengers served across three years of operations. For the fiscal year ended March 31, 2025, Akasa Air reported a 49% year-on-year revenue increase supported by higher unit profitability and a 48% growth in Available Seat Kilometres. The airline improved EBITDAR margins by 50% despite inflationary pressures, reducing non-fuel unit costs by 7% and achieving load factors exceeding 87%. Operationally, Akasa Air served over 16 million passengers in FY24-25, expanded its ancillary revenue portfolio to over 25 products, and moved approximately 100,000 tonnes of cargo. The airline plans aggressive expansion, targeting 40 aircraft by end of FY26 and 226 aircraft by 2032, while positioning itself toward an IPO within 2–5 years and aspiring to become one of the world's top 30 airlines by 2030. |
| 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, 360 ONE Asset, Claypond Capital, Rakesh Jhunjhunwala and AJ Capital.
Lead investors include Rakesh Jhunjhunwala.
Akasa Air Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Feb 2025 | ||
| 1 | Participant | Feb 2025 | ||
| 1 | Lead | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 5 Akasa Air investors. Start Free Trial | ||||
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 Sona Topas Tourism and Norse Atlantic Airways, and private ones like Aeon Luxe, Gulfstar Air Charters, VistaJet and Butler Hospitality.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $57M | - | ||
| Private | - | - | $26M | - | ||
| Private | $2.8B | $750M | $2.5B | 0.9x | ||
| Private | - | - | $85M | - | ||
| Publicly listed | $51M | $10M | $90M | - | ||
| Publicly listed | $734M | $55M | $93M | 1.2x |
Akasa Air Public Comps
Akasa Air is still privately-owned, but its public comps include Sona Topas Tourism, Alliance Aviation, Norse Atlantic Airways, Adventure Inc., Alpico Group, Air T, Surf Air, Yatra.com, Hanatour Japan and flyExclusive.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $51M | $10M | 1.1x | - | 5.5x | - | |||
| $493M | ($67M) | 0.9x | 0.9x | (6.4x) | 3.3x | |||
| $734M | $55M | 1.2x | 1.2x | 15.6x | 17.5x | |||
| $163M | ($4M) | 0.3x | 0.3x | (12.8x) | - | |||
| $691M | $43M | 0.3x | - | 5.2x | - | |||
| $327M | $110M | 1.1x | - | 3.1x | - | |||
| $107M | ($88M) | 1.4x | 1.2x | (1.7x) | (4.3x) | |||
| $105M | $3M | 0.9x | 0.8x | 29.3x | - | |||
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 $87M in its undisclosed-stage round in July 2021. |
| How much funding has Akasa Air raised? | Akasa Air has raised $160M across 2 funding rounds. |
| What was Akasa Air's last funding round? | Akasa Air's last funding round was a $125M undisclosed-stage round in February 2025. |
| Who are Akasa Air's investors? | Akasa Air's investors include Premji Invest, AJ Capital, Rakesh Jhunjhunwala, 360 ONE Asset and Claypond Capital. |
| Which companies are comparable to Akasa Air? | Companies comparable to Akasa Air include Aeon Luxe, Gulfstar Air Charters, VistaJet, Butler Hospitality, Sona Topas Tourism and Norse Atlantic Airways. |
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