Akasa Air Secures $135 Million Investment for Expansion

Akasa Air, India's fastest-growing airline, has secured approximately $135 million in funding from a consortium of investors, including Premji Invest, Claypond Capital, and 360 ONE Asset. The Jhunjhunwala family has also committed to an additional capital infusion. These investments will support Akasa Air's growth plans and strengthen its commitment to enhancing customer experience. The agreements are subject to regulatory approval. Vinay Dube, founder and CEO of Akasa Air, sees these investments as not just financial transactions but as a vote of confidence in the airline's vision.

 

Source: The Economic Times, Hindustan Times, Money Control