About Akasa Air
Akasa Air is a company based in Mumbai (India) founded in 2021 by Bhavin Joshi, Anand Srinivasan, Belson Coutinho, Neelu Khatri, Niraj Dube, Praveen B Iyer, Vinay Dube, and Aditya Ghosh.. Akasa Air has raised $187.89 million across 4 funding rounds from investors including 360 One, Premji Invest and Claypond Capital. The company has 3,268 employees as of March 31, 2024.
- Headquarter Mumbai, India
- Employees 3268 as on 31 Mar, 2024
- Founders Bhavin Joshi, Anand Srinivasan, Belson Coutinho, Neelu Khatri, Niraj Dube, Praveen B Iyer, Vinay Dube, Aditya Ghosh
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Snv Aviation Private Limited
- Date of Incorporation 24 Nov, 2020
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$93.53 M (USD)32216.08as on Mar 31, 2023
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Net Profit
$-89.52 M (USD)-2364.46as on Mar 31, 2023
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EBITDA
$-66.71 M (USD)-1633.34as on Mar 31, 2023
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Total Equity Funding
$187.89 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
360 One
& 16 more
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Employee Count
3268
as on Mar 31, 2024
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Funding Insights of Akasa Air
Akasa Air has successfully raised a total of $187.89M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(03 Aug 2021)
- Investors Count 17
Investors in Akasa Air
Akasa Air has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include 360 One, Premji Invest and Claypond Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Single family office of Ranjan Pai, chairman of the Manipal Education and Medical Group
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Founded Year | Domain | Location | |
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Venture capital firm focused on companies in sports, gaming, health, wellness, and media industries
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akasa Air
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Akasa Air
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akasa Air Comparisons
Competitors of Akasa Air
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akasa Air
Frequently Asked Questions about Akasa Air
When was Akasa Air founded?
Akasa Air was founded in 2021.
Where is Akasa Air located?
Akasa Air is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Akasa Air?
Vinay Dube is the current CEO of Akasa Air. They have also founded this company.
Is Akasa Air a funded company?
Akasa Air is a funded company, having raised a total of $187.89M across 4 funding rounds to date.
How many employees does Akasa Air have?
As of Mar 31, 2024, the latest employee count at Akasa Air is 3,268.
What is the annual revenue of Akasa Air?
Annual revenue of Akasa Air is $93.53M as on Mar 31, 2023.
What does Akasa Air do?
Akasa Air was founded in 2021 and is headquartered in Mumbai, India. Operations focus on the aviation sector, where scheduled passenger flights are conducted. Services encompass cabin baggage allowances, in-flight amenities, web check-in options, and customer support mechanisms. The company is led by co-founders including Vinay Dube as CEO, with a team handling strategy, IT, marketing, and operations.
Who are Akasa Air's investors?
Akasa Air has 17 investors. Key investors include 360 One, Premji Invest, Claypond Capital, Rakesh Jhunjhunwala, and Madhav Bhatkuly.
What is Akasa Air's valuation?
The valuation of Akasa Air is $87.37M as of Aug 2021.