Introduction
India’s regional air travel sector is on the brink of transformation, and LAT Aerospace is preparing to lead that change.
Founded in January 2025, LAT Aerospace has one bold goal: to make air travel between Tier-2 and Tier-3 cities as simple and affordable as taking a bus. Backed by visionary investors, including Zomato’s Deepinder Goyal, the company is betting on 24-seater STOL (Short Take-Off and Landing) aircraft that can operate from compact “air-stops” with minimal infrastructure.
This approach removes the traditional barriers of aviation, long runways, congested airports, and costly operations, and replaces them with a nimble, point-to-point network. Combined with the government’s UDAN initiative to boost regional connectivity, LAT is positioned to serve millions of first-time fliers and underserved communities.
Company Overview
LAT Aerospace is headquartered in New Delhi and incorporated as a private, non-government company under CIN U26515DL2025PTC441362.
Its core model focuses on high-frequency, short-haul flights connecting smaller cities and towns across India. By utilizing STOL aircraft that require far less runway length than conventional planes, LAT can operate from locations that larger airlines simply can’t reach.
Key People Driving the Vision:
- Simrandeep Singh – Co-founder & Director
- Mehak Joshi – Co-founder & Director
- Surobhi Das – Co-founder
- Deepinder Goyal – Strategic Investor & former Director
This leadership mix brings together deep aviation expertise, startup execution skills, and brand-building prowess.
Revenue Outlook
LAT Aerospace is currently in its pre-commercial stage, focusing on regulatory approvals, fleet acquisition, and infrastructure rollout. While revenues have yet to commence, early capital is being deployed towards:
- Customizing aircraft for Indian operating conditions
- Establishing “air-stops” in key Tier-2 and Tier-3 cities
- Recruiting skilled pilots, engineers, and ground staff
- Navigating DGCA licensing and route permits
Once operational, LAT’s revenue streams are expected to come from:
- Passenger ticket sales, the core business driver
- Regional cargo operations for e-commerce and logistics firms
- Charter services for government, corporate, and tourism sectors
- Ancillary income from in-flight services, ad placements, and strategic partnerships
With its lean operations and unique infrastructure model, LAT aims to keep ticket prices competitive without sacrificing profitability.
Valuation and Funding
LAT Aerospace has quickly attracted investor attention. In April 2025, it closed its seed funding round, securing ₹130.6 Cr from Dharana Capital and Deepinder Goyal.
Key details from the funding round:
- Post-Money Valuation: ₹821.1 Cr
- Stake Diluted: 15.9%
- Use of Funds: Aircraft procurement, infrastructure build-out, team hiring, and technology development
The high valuation, despite being pre-revenue, underscores the strength of LAT’s market opportunity, investor confidence in its founding team, and the capital-intensive nature of the aviation industry.
Shareholding & Investor Strength
Why This Matters:
- Dharana Capital brings sectoral experience in infrastructure-heavy businesses.
- Deepinder Goyal offers brand strategy, consumer growth insights, and operational scaling experience from building Zomato into a unicorn.
This combination of capital strength and strategic mentorship is a rare advantage in India’s aviation startup landscape.
Conclusion
LAT Aerospace is more than just another airline startup; it’s a mobility disruptor. By bypassing conventional airport dependencies and focusing on smaller, high-demand routes, LAT could change the way India thinks about domestic travel.
If its execution matches its vision, LAT could:
- Unlock affordable air travel for millions in underserved regions
- Boost local economies by improving connectivity
- Create a scalable model that could inspire similar solutions in other emerging markets
Its early-mover advantage, strong investor roster, and innovative approach make LAT a startup worth watching closely.
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