Akasa Air aims to soar with funds family offices of Azim Premji, Ranjan Pai and others
Akasa Air, which started flying in 2022, has raised an undisclosed sum. It's the country's third-largest carrier with a market share of 4.6%.
India's Akasa Air to raise capital from investment offices of Azim Premji, Ranjan Pai
India's Akasa Air said on Thursday it is raising fresh capital from the investment offices of Wipro founder Azim Premji and Manipal Hospitals Chairman Ranjan Pai, as well as funds of wealth management firm 360 ONE.
Akasa Air brings growth capital from Azim Premji, Ranjan Pai, 360 ONE Asset; Jhunjhunwala family deploys fresh funds
The consortium of investors includes the investment arm of Azim Premji, Claypond Capital – the investment office of Dr Ranjan Pai, as well as funds managed by 360 ONE Asset.
Akasa Air confirms fund infusion by Premji Invest, Claypond Capital & 360 ONE Asset
In addition, the airline said that the Jhunjhunwala family, a major stakeholder in the airline holding 45.97% stake in the airline, has also committed to infusing additional capital into the airline.
Akasa Air Secures Fresh Investment to From Premji Invest, Ranjan Pai, 360 ONE Asset
The airline aims to leverage these investments to accelerate its expansion plans, enhance customer experience, and drive innovation in aviation safety, reliability, and technology.
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Akasa Air, India’s fastest-growing airline, has signed capital infusion agreements with a consortium of prominent investors to support its ambitious growth trajectory.The investors include Premji Invest,
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