Star Air Raises Rs 150 Crore In First External Funding Round

Star Air has secured Rs 150 crore in the first part of its Series B funding round from investors including Micro Labs and Deepak Agarwal of Bikaji Foods. This marks the airline's first external fundraising since its establishment.

The funding will support fleet expansion, route network development, and enhancement of non-scheduled operations and maintenance capabilities. The airline plans to raise an additional Rs 200 crore by the 2026-27 financial year.

Shrenik Ghodawat, Managing Director of Sanjay Ghodawat Group, said: "This fundraise brings us closer to our vision of building a comprehensive aviation platform spanning Airline operations, NSOP services, MRO facilities, Cargo and Aviation Training. Our immediate goal is to connect more cities and communities across India with swift, secure, comfortable, and affordable air travel."

Star Air operates as part of the Sanjay Ghodawat Group and currently serves 31 destinations across India. The airline aims to expand its fleet to 50 aircraft by 2030, focusing on regional connectivity growth.

Captain Simran Singh Tiwana, Chief Executive Officer of Star Air, added: "This fundraise marks a major step toward strengthening Star Air's operational backbone. It will enable us to accelerate fleet expansion, enhance route efficiency, and further invest in NSOP and MRO capabilities."

Founded in 2019, Star Air operates Embraer E145 and E175 aircraft along with four Airbus Helicopters. The airline has received industry recognition including the Best Domestic Airline award at Wings India 2022.