Star Air, the aviation arm of the Sanjay Ghodawat Group (SGG), has completed the first tranche of its ₹350 crore Series B funding round, raising ₹150 crore from a consortium of marquee investors including Micro labs Ltd, Deepak Agarwal of Bikaji foods and others. This marks Star Air’s first external fundraising effort and a significant milestone in its growth journey, as the airline prepares for an ambitious fleet and network expansion.
The newly raised capital will be deployed to expand the airline’s fleet and route network, strengthen NSOP (Non-Scheduled Operator Permit) operations, and enhance its MRO (Maintenance, Repair & Overhaul) capabilities.
Commenting on the fundraise, Shrenik Ghodawat, Managing Director, 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. At Star Air, we’re building not just an airline, but a trusted travel experience – one that reflects SGG’s passion for excellence and commitment to connecting real India.”
Star Air’s fundraise comes at a time of robust growth in India’s aviation sector, driven by rising passenger demand and increasing emphasis on regional connectivity. The airline has established a strong foundation of operational discipline and is one of only two profitable airlines in India. With substantial capex planned over the coming years, Star Air is poised to strengthen its market position and accelerate its expansion in the dynamic aviation landscape.
Captain Simran Singh Tiwana, CEO, 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. As we progress toward our 50-aircraft goal by 2030, our focus remains on maintaining operational excellence, safety and delivering a seamless experience for our customers.”
Founded in 2019, Star Air has quickly emerged as a leading player in India’s regional aviation sector, operating a modern fleet of Embraer E145 and E175 aircraft along with four Airbus Helicopters. The airline currently connects 31 destinations across India and has earned national recognition, including the Best Domestic Airline (RCS) award at Wings India 2022.
Follow BOTT on LinkedIn, Facebook, Twitter & Instagram
Subscribe BOTT Channels on WhatsApp & Telegram to receive real time updates
