Akasa raises funds from Premji, Ranjan Pai family offices

Dube said the fresh funding should help the carrier become one of the top 30 global airlines by the end of 2030

- Daanish Anand

Akasa Air, India's youngest airline, has raised an undisclosed sum from a number of investors, including the family offices of Bengaluru-based billionaires Azim Premji and Ranjan Pai.

Akasa Air, which started flying in 2022, has become the country's third-largest carrier with a market share of 4.6%.

Media reports in the past had said the airline was in talks to raise between $130 and $140 million.