PE-VC Fund Investments
Low-cost flight operator Star Air raises Rs.150-Cr in Series B
Bengaluru-based Star Air , the aviation arm of the Sanjay Ghodawat Group (SGG), has raised INR 150 crore in the first tranche of its INR 350 crore Series B funding round from a consortium of investors, including Micro Labs Ltd and Deepak Agarwal of Bikaji Foods.Founded in 2019, Star Air operates a fleet comprising Embraer E145 and E175 aircraft, along with four Airbus helicopters, connecting 31 destinations across India.The newly acquired capital will be deployed to expand the airline’s fleet and route network, strengthen its NSOP (Non-Scheduled Operator Permit) operations, and enhance its MRO (Maintenance, Repair & Overhaul) capabilities.
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