About Jetstar
Jetstar is a company based in Melbourne (Australia) founded in 2004 was acquired by Penn Tank Lines in July 2022.. Jetstar has raised $8 million across 2 funding rounds from investors including Qantas, Vietnam Airlines and NewStar Financial.
- Headquarter Melbourne, Australia
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series B
Feb 01, 2012
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Investors
Qantas
& 4 more
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Employee Count
Employee Count
- Acquired by
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Software Development Team
82 people
Product Management Team
28 people
Senior Team
16 people
Data Analysis and Operations Team
16 people
Licensed Team
12 people
Aircraft Team
11 people
Manager Team
6 people
Line Team
5 people
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Funding Insights of Jetstar
Jetstar has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8 million completed in February 2012. 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 2
- Last Round Series B — $8.0M
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First Round
First Round
(21 Feb 2006)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2012 | Amount | Series B - Jetstar | Valuation |
investors |
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| Feb, 2006 | Amount | Debt – Conventional - Jetstar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Jetstar
Jetstar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Qantas, Vietnam Airlines and NewStar Financial. 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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Private equity investments are targeted at the lower mid-market.
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Founded Year | Domain | Location | |
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Provider of air travel services and loyalty programs
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Founded Year | Domain | Location | |
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Financial services are provided by NewStar Financial in Boston.
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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 Jetstar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Jetstar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Jetstar Comparisons
Competitors of Jetstar
| 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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Frequently Asked Questions about Jetstar
When was Jetstar founded?
Jetstar was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Jetstar located?
Jetstar is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of Jetstar?
Gareth Evans is the current CEO of Jetstar.
Is Jetstar a funded company?
Jetstar is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $43M, raised on Feb 21, 2006.
What does Jetstar do?
Jetstar was founded in 2004 in Melbourne, Australia, as a low-cost carrier in the aviation sector. Air transportation services are operated to multiple destinations, with an emphasis on affordability and operational efficiency. Basic economy fares are offered, along with optional add-ons for baggage, seating, and other features. Flight bookings and management are handled via an online platform, and ancillary services such as travel insurance are available.
Who are Jetstar's investors?
Jetstar has 5 investors. Key investors include Qantas, Vietnam Airlines, NewStar Financial, Parallel Investment Partners, and Penn Tank Lines.