Akasa Air Raises $125M for Tech Upgrades and Global Growth

Akasa Air, India's low-cost carrier, has completed a strategic investment round worth approximately $125 million.

The investors include Premji Invest (a global investment firm), 360 ONE Asset (an asset management company), Claypond Capital (Dr. Ranjan Pai's family investment office), and the Jhunjhunwala Family.

The capital raised will support fleet expansion, the implementation of new technologies, and global growth.

Founded in December 2021, Akasa Air is considered a rapidly growing carrier, carrying over 20 million passengers.

Some of the recent funding cases (August 2025) also include Kasa raising $40 million for tech upgrades, Highside Companies securing $500 million from affiliates of Apollo Global Management, Eve Air Mobility’s $230 million equity raise, and Elivaas securing approximately $10 million in its Series B round.

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