When was Akasa Air founded?

Akasa Air was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Akasa Air located?

Akasa Air is headquartered in Mumbai, India. It is registered at 12th Floor, Urmi Estate 95, Ganpatrao Kadam Marg,Lower Parel (We, st), Mumbai City, Mumbai, Maharashtra, India, 400013.

Who is the current CEO of Akasa Air?

Vinay Dube of Akasa Air. They have also founded 1 company.

Which legal entities is Akasa Air associated with?

Akasa Air is associated with SNV AVIATION PRIVATE LIMITED.

How many employees does Akasa Air have?

As of Apr 30, 2026, Akasa Air has 5314 employees, reflecting a 18% year-over-year growth in headcount.

Is Akasa Air a funded company?

Akasa Air is a funded company, having raised a total of $188M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 03, 2021.

How much is Akasa Air worth?

The latest valuation of Akasa Air is $***** as of Aug 19, 2025.

When was the latest funding round of Akasa Air?

Akasa Air's latest funding was a $***** Series B round on Feb 06, 2025, with participation from 21 investors.

What is the annual revenue of Akasa Air?

Annual revenue of Akasa Air is more than ₹1,000 Cr as on Mar 31, 2025

Where does Akasa Air rank among its competitors?

Akasa Air ranks 1st amongst 52 active competitors, of which 6 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Qatar Airways, which secured $1.21B in Jun, 2025.

Who are the top competitors of Akasa Air?

Akasa Air's top competitors include American Airlines, ANA HOLDINGS and Virgin Australia. Among them, Qatar Airways secured the most recent funding round in June, 2025.

Akasa Air - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of commercial passenger air transport services on scheduled routes. Operations include domestic and international flight services for passengers across various regional hubs. The service facilitates air travel through an established network of routes and aircraft. Additional services include baggage handling, cargo transport, and in-flight catering options.

Website: www.akasaair.com/
Social
Email ID: *****@akasaair.com
Phone Number: +91 **********
Registered Address: 12th Floor, Urmi Estate 95, Ganpatrao Kadam Marg,Lower Parel (We, st), Mumbai City, Mumbai, Maharashtra, India, 400013

Key Metrics

Founded Year

2020

Location

Mumbai, India

Stage

Series B

Total Funding

$188M in 2 rounds

Latest Funding Round

Series B, Feb 06, 2025, $*****

Post Money Valuation

$***** as on Aug 19, 2025

Investors

Premji Invest & 39 more

Ranked

1^st among 52 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

5,314 as on Apr 30, 2026

Similar Companies

Azul Linhas Aereas & 1261 more

View Akasa Air's full profile

Akasa Air is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
SNV AVIATION PRIVATE LIMITED CIN: U63013MH2020PTC350653 , India, Active	Nov 24, 2020	₹1,000+ Cr (As on Mar 31, 2025)	5314 (As on Apr 01, 2026)

Akasa Air has raised a total funding of $188M over 2 rounds. Its first funding round was on Aug 03, 2021. Its latest funding round was a Series B round on Feb 06, 2025 for $*****. 21 investors participated in its latest round. Akasa Air has 9 institutional investors and 31 angel investors.

Here is the list of recent funding rounds of Akasa Air:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 06, 2025	4992680	Series B	2398185	9995545	6338391	2349365
Aug 03, 2021	9333810	Series A	9482081	3279161	Rekha Rakesh Jhunjhunwala	Madhav Bhatkuly & 9 more

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View details of Akasa Air's funding rounds and investors

The founders of Akasa Air are Rekha Rakesh Jhunjhunwala, Vinay Dube, Niraj Dube, Praveen B Iyer, Anand Srinivasan and Neelu Khatri. Vinay Dube is the CEO of Akasa Air.

Here are the details of Akasa Air's key team members:

Rekha Rakesh Jhunjhunwala: Former Co-Founder of Akasa Air. They are also an angel investor in 12 startups.
Vinay Dube: Co-Founder & CEO & MD of Akasa Air. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Niraj Dube: Co-Founder of Akasa Air. They are also an angel investor in 1 startup.
Praveen B Iyer: Co-Founder & Chief Commercial Officer of Akasa Air.
Anand Srinivasan: Co-Founder & Chief Commercial Officer of Akasa Air.
Contact Info: 1 email address

Akasa Air's Board of Directors

Akasa Air's board has 6 active members. Utpal Hemendra Sheth, Vinay Dube, Amit Goela, Paul Michael Oddy Jr and Aditya Ghosh are part of team and Sanjay Dube is independent board member.

Here is the list of Akasa Air's board of directors:

Name	Type	Representing	Status	Duration
Vinay Dube	Team	-	Current	5y 11m
Aditya Ghosh	Team	-	Current	3y 5m
Utpal Hemendra Sheth	Investor	-	Current	3y 5m
Amit Goela	Investor	-	Current	3y 5m
hqpipzh	Investor	-	Past	1y 2m
Sanjay Dube	Independent board member	-	Current	5y 11m

View details of Akasa Air's Founder profiles and Board Members

Akasa Air's employee count trend

Akasa Air has 5,314 employees as of Apr 26. The total employee count is 17.0% more than what it was in Apr 25. Here is Akasa Air's employee count trend over the years:

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Top competitors of Akasa Air include American Airlines, ANA HOLDINGS and Virgin Australia. Here is the list of Top 10 competitors of Akasa Air, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Akasa Air 2020, Mumbai (India), Series B	Provider of commercial passenger air transport services on scheduled routes	$188M	Premji Invest, 360 One & 38 others	76/100
2nd	American Airlines 1926, Dallas (United States), Public	Operator of passenger airlines	-	Berkshire Hathaway, Liberty Bay Capital & 3 others	74/100
3rd	ANA HOLDINGS 1952, Minato (Japan), Public	Operator of passenger airline tickets & reservations	-	-	70/100
4th	Virgin Australia 2000, Brisbane (Australia), Acquired	Airline operator in Australia	-	Qatar Airways, Singapore Airlines & 5 others	68/100
5th	IndiGo 2005, Gurugram (India), Public	Provider of domestic and international air travel and passenger transport	-	WestBridge Capital, Flying Cow Ventures & 2 others	67/100
6th	Qatar Airways 1997, Doha (Qatar), Funding Raised	Provider of airline services for passengers	-	Ahli Bank QSC, QIIB & 6 others	66/100
7th	Singapore Airlines 1972, Singapore (Singapore), Public	Operator of passenger airlines	-	Temasek	65/100
8th	Emirates 1996, Dubai (United Arab Emirates), Funding Raised	Operator of international air transport services for passengers and cargo	-	Investment Corporation of Dubai, Planet N Group	62/100
9th	Etihad Airways 2003, Abu Dhabi (United Arab Emirates), Funding Raised	Operator of passenger airlines	-	Air France Klm	62/100
10th	Air Arabia 2003, Sharjah (United Arab Emirates), Public	Low-cost airline carrier	-	Taaleri, The Abraaj Group	62/100

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SNV AVIATION PRIVATE LIMITED, the legal entity associated with Akasa Air, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of SNV AVIATION PRIVATE LIMITED has a compounded annual growth rate (CAGR) of 47% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	7247	6267	2506	1830	3223
Total Sales	9328	6659	9697	7677	5335
Total Expenses	4221	7994	3267	1345	1489
Operating Expenses	5636	6450	8759	8381	3350
Employee Expenses	1477	8874	9486	9034	9452
Marketing Expenses	7362	1469	4449	5140	5608
Operating Income (EBIT)	6140	9593	3252	9704	9143
Interest Expenses	4842	9850	3388	5170	2437
Expenses from other activities	4622	1283	3766	4757	3448
Information Technology Expenses	9281	6149	8421	1180	2271
EBITDA	3922	6375	1177	1591	3786
Taxes	8201	7819	2122	5433	7443
Net Profit	7095	9463	1732	3329	1155
Balance Sheet
Assets	7815	6126	4763	1671	1565
Cash Equivalent	9892	9019	3725	5660	5636
Accounts Receivables	7877	5773	5697	8636	8580
Inventory	6842	8634	2156	1211	7791
Liabilities	9898	6063	5645	2296	2563
Total Debt	6316	1766	3254	2687	6169
Accounts Payable	9956	8052	7127	4034	9383
Equities	2511	3829	4563	4181	8100
Cashflow Statement
Cash from Operating activities	8370	3227	3958	2576	6151
Cash from Investing activities	5960	6019	2085	7713	1036
Net cash from Financing activities	2028	2632	2276	5161	1286

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 11.08%, Funds own 24.01%, Enterprises own 2.39% and Angels (largest shareholder) own 45.31%. The net worth of Akasa Air's founders is INR 463Cr as of Aug 19, 2025. The cap table displayed below is for SNV AVIATION PRIVATE LIMITED which is the legal entity associated with Akasa Air.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	11.08%	463Cr	5751456	8556765	3047803	5810779
Vinay Dube	4716416	4633015	5798617	3357731	8041617	4127531
Anand Srinivasan	0	0	0	0	0	0
Praveen B Iyer	0	0	0	0	0	0
Neelu Khatri	0	0	0	0	0	0
Fund	24.01%	1,000Cr	1326651	3481778	8602220	1924694
Premji Invest	3088547	1207403	8859087	2361881	5490188	8605847
360 One	6022	3066	2684	9041	8259	2794
Enterprise	2.39%	100Cr	80	80	44	54
Angel	45.31%	1,890Cr	1501118	9503086	2330130	8741102
Rekha Rakesh Jhunjhunwala	4493935	1269477	9968511	8610292	6936912	4307025
Madhav Bhatkuly	61135	28487	59253	75670	18396	25190
Other People	9.65%	404Cr	2103631	3003206	5888980	3716723
ESOP Pool	7.55%	316Cr	4792275	2487616	2119922	9405603
Total	100.00%	4,180Cr	5202221	7456133	7554807	7861542