The Silicon Review
20 August, 2015
Yuvraj Singh’s startup YouWeCan Ventures has funded an undisclosed amout to JetSetGo – the market place for private jets, helicopters and air ambulance. The reason for raising funds is to improve and better their services and marketing.
It is a Delhi-based startup which enables the sale of empty flight legs to other customers and hence adding value to original leg customer. This wa the empty leg traveler gets a charter at a more attractive price point.
The greatest advantage of JetSetGo it that it allows charter customers in India to book a private jet online with transparency and flexibility.
The company has been a great success but still they are looking out for more. Presently they are focusing on expanding the market size and bring in new customers and users. And also the most important of all is to deliver unmatched service and awesome experience to its customers through this process.
The clientele of the company includes corporate houses, sport personalities, celebrities and HNI’s. People living in locations which cannot be served by commercial airlines can opt for the JetSetGo service as it offers quick and easy connectivity to these places.
Yuvraj Singh was one of the first clients of JetSetGo.
“The private aviation industry in India has historically been operating behind closed doors with alarmingly low levels of market awareness and product information”, says Kanika Tekriwal, CEO and Co-founderof JetSetGo.
Though there have been great success and high establishments of global business models from fractional ownership to jet loyalty programs, India still lags behind when it comes to the growth of aviation industry. The private aviation has less than 15 % of air traffic in Indian skies.
Speaking about the investment made, Yuvraj Singh said – “JetSetGo has left me impressed with its unique concept and capabilities. I see a lot of potential and aggression in the brand to give its best to the customer bringing much needed change in the private aviation sector which was long awaited.”
YouWeCan has previously made many such investments, and this is the fifth one this year. The organizations which have been funded by YouWeCan are logistics booking firm Moovo.in, health care marketplace Healthian and Edukart. The start-up also invested in Vyomo, a mobile-centric beauty and wellness platform.
Nishant Singhal, CIO of YouWeCan Ventures, believes that JetSetGo will grow to be the best state-of-the-art travel platform for a rapidly growing high-end luxury experiences market, where the real stakeholders’ problem will be addressed by offering superior service for private aviation customers.
In a country where out of all the functional airstrips only 40% connected by commercial airlines, the scope for growth in private aviation for Tier II & III cities connectivity is tremendous.
Currently the Company has no as such competition unlike its US counterparts. This hand of help from Yuvraj Singh’s venture YouWeCan will help JetSetGo expand its platform and reach newer heights.
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