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

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

Valuation

$87M (Jul 2021)

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

Akasa Air valuation by funding round
DateStageValuation
Jul 2021Undisclosed 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

Akasa Air funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2025Undisclosed stagePremji 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 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, 360 ONE Asset, Claypond Capital, Rakesh Jhunjhunwala and AJ Capital.

Lead investors include Rakesh Jhunjhunwala.


Akasa Air Investors

Investors in Akasa Air by funding rounds participated
InvestorHQRoundsRoleFirst check
Premji InvestIndiaBangalore1ParticipantFeb 2025
AJ CapitalSingaporeSingapore1ParticipantFeb 2025
Rakesh JhunjhunwalaIndiaMumbai1LeadJul 2021

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Akasa 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.

Public and private companies comparable to Akasa Air
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aeon LuxeCayman IslandsGeorge TownPrivate--$57M-
Gulfstar Air ChartersUnited StatesOrlando, FLPrivate--$26M-
VistaJetMaltaVallettaPrivate$2.8B$750M$2.5B0.9x
Butler HospitalityUnited StatesNew York City, NYPrivate--$85M-
Sona Topas TourismIndonesiaIndonesiaPublicly listed$51M$10M$90M-
Norse Atlantic AirwaysNorwayNorwayPublicly listed$734M$55M$93M1.2x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sona Topas Tourism$51M$10M1.1x-5.5x-
Alliance Aviation$493M($67M)0.9x0.9x(6.4x)3.3x
Norse Atlantic Airways$734M$55M1.2x1.2x15.6x17.5x
Adventure Inc.$163M($4M)0.3x0.3x(12.8x)-
Alpico Group$691M$43M0.3x-5.2x-
Air T$327M$110M1.1x-3.1x-
Surf Air$107M($88M)1.4x1.2x(1.7x)(4.3x)
Yatra.com$105M$3M0.9x0.8x29.3x-

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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 $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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