- by foxnews
- 23 Aug 2025
Akasa Air has successfully welcomed a new group of investors, significantly strengthening its financial position and paving the way for expanded operations and international growth. This strategic move comes after securing fresh capital from renowned backers, including Premji Invest, 360 ONE Asset, and Claypond Capital, alongside additional funding from the Jhunjhunwala family. The infusion of funds is set to accelerate the airline’s expansion plans, enhancing its fleet, improving customer service, and investing in innovative technologies. With a strengthened financial foundation, Akasa Air is poised to extend its reach into international markets, particularly Southeast Asia, further establishing itself as a key player in the global aviation industry.
Akasa Air has secured new investments from a distinguished group of backers, including Premji Invest, a globally recognized investment firm that directs its returns to support the Azim Premji Foundation's various philanthropic endeavors. Also joining the investment round are 360 ONE Asset, a reputable asset management company, and Claypond Capital, the investment arm of Dr. Ranjan Pai. Additionally, the Jhunjhunwala family, already existing investors, has provided further capital, reinforcing Akasa Air's strong financial foundation.
Accelerating Growth Since Launch
Amid the ongoing Las Vegas tourism challenges, casino executives and union leaders reveal how high prices and new labor contracts are contributing to the issues.
read more