family office

Akasa Air aims to soar with funds from family offices of Azim Premji, Ranjan Pai

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Akasa Air, India’s youngest airline, has raised an undisclosed sum from a number of investors, including the family offices of Bengaluru-based billionaires Azim Premji and Ranjan Pai. Akasa Air, which started flying in 2022, has become the country’s third-largest carrier with a market share of 4.6%. Media reports in the past had said the airline … Read more

Cryptocurrency richest man CZ turns venture capital firm into giant family office

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Cryptocurrency richest man CZ turns venture capital firm into giant family office

2025-01-23 19:48:00 : (Bloomberg) — Changpeng “CZ” Zhao, months out of prison and worth $70 billion as cryptocurrencies continue to rally, is converting his Binance Holdings Ltd.’s former venture capital arm into a family office. Binance Labs, which manages about $10 billion in crypto-related assets, will change its name to YZi Labs, according to a … Read more