Star Air raises Rs 150 crore in Series B round, to raise another Rs 200 crore in FY26-27

Star Air, the aviation arm of the Sanjay Ghodawat Group (SGG), said on Thursday that it has completed the first tranche of its Rs 350 crore Series B funding round, raising Rs 150 crore from a consortium of marquee investors including Micro labs Ltd, Deepak Agarwal of Bikaji foods and others. The airline further plans to raise an additional Rs 200 crore by FY26-27.

Star Air said that its first external fundraise will power the next phase of expansion with a goal to operate 50 aircraft by 2030.