A consortium led by Azim Premji’s family office, Premji Invest, and Ranjan Pai’s family office, Claypond Capital, is set to acquire a minority stake in Akasa Air. The investment is part of the airline's $130-140 million fundraising round, with the consortium committing over $100 million. Other investors will also contribute to complete the round. The airline is valued just under $350 million, a significant increase from its 2021 valuation of $86 million.
