Akasa Air secures investment from Premji invest to expand global reach, ET TravelWorld

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Akasa Air has announced a significant step in its journey towards long-term growth, with a new round of capital infusion from strategic investors. The airline has secured investments from a distinguished group of stakeholders, including Premji Invest, the global investment arm of Azim Premji; Claypond Capital, the investment office of Dr Ranjan Pai; 360 ONE Asset, a leading asset management firm; and additional funding from the Jhunjhunwala family. These agreements are subject to regulatory approval.

The capital raised will support Akasa Air’s ambitious vision to become one of the world’s top 30 airlines by the end of this decade. The investments will fuel the airline’s growth strategy, contributing to India’s evolving role as a global aviation hub.

With a focus on enhancing customer experience, the airline plans to invest further in safety, reliability, and cutting-edge technology. The funds will also assist in expanding its international network, while reinforcing Akasa’s commitment to its employees by providing a high-quality work environment for top talent.

Vinay Dube, Founder and CEO of Akasa Air, commented, “These are not just financial transactions; they are an investment in our vision and commitment to building an airline for generations. We are thankful to our marquee investors for placing their confidence in Akasa Air and its leadership, and to the Jhunjhunwala family for their unwavering faith in the Akasian dream.”

Ankur Goel, Chief Financial Officer, added, “These strategic investments represent a pivotal milestone in our journey and ensure long-term financial stability. They allow us to continue building a sustainable, future-focused business, ensuring Akasa Air remains well-capitalised and prepared for future growth in India’s dynamic aviation sector.”