Company Name : JetSetGo
Funding Amount : Not Disclosed
Investor(s) YouWeCan Ventures.
Funding Round : Angel round
Yuvraj Singh’s YouWeCan Ventures has made an undisclosed investment in JetSetGo – a marketplace for private jets and helicopters co-founded by Kanika Tekriwal and Sudheer Perla.
JetSetGo provides charter customers for the first time choice, transparency and flexibility to book a private jet online. Extending the experience from the ease of the online booking process, JetSetGo is currently working on systematically improving service at every customer touch point through the journey process on ground at both departure and arrival airports and on board.
For single leg trips, through its online demand aggregation model it enables sale of empty travel legs to other customers thereby adding value to original leg customer by giving a credit against original charter cost and for the empty leg traveler a charter at a more attractive price point.
Despite established business models globally from fractional ownership to jet loyalty programs, India still lags severely behind with private aviation comprising less than 15% of air traffic in Indian skies. In a country with over 200 functional airstrips and less than 40% of this connected by commercial airlines, the scope for growth in private aviation for Tier 2 & 3 city connectivity is tremendous.