Bangalore: YouWeCan Venture, backed by cricketer Yuvraj Singh mints an undisclosed amount in JetSetGo Aviation, a Bangalore-based souk for private jets and helicopters. Established in 2014 by Kanika Tekriwal – A pessimist entrepreneur – and Sudheer Perla – A PwC trained chartered accountant and an Infosys groomed business finance professional, JetSetGo provides private jet, helicopter and air ambulance bookings. On a few occasions customers book private jets on which they do not utilize all sectors they pay for. JetSetGo sells these empty spaces through its website at a lower cost or akin to business class fare.
According to Sudheer Perla, Co-Founder & Strategic Advisor at JetSetGo, the company wants to expand the market size and bring in new customers with providing a superior experience. The private aviation industry in India which has been operated behind closed doors with alarming low levels of market awareness and product information to be altered through the initiatives like JeSetGo.
Nishant Singhal, Chief Investment Officer of YouWeCan Ventures integrated that in the increasingly crowded start-up funding space, venture capitals such as YouWeCan constantly look for innovative investment opportunities that most others don’t see. With superior service offerings for private aviation JetSetGo is likely to evolve as the new platform for a rapidly growing and high-end luxury experiences.
This is the fifth company YouWeCan Venture is investing in. Earlier, this venture capital funded Vyomo – Beauty Services, Moovo – Cargo Logistics, Healthians – Online Healthcare and Educart – Online Education.
Private aviation mounts up to just 15 percent of air traffic in India with perpetual amendment of customer accommodations and its online Jet booking, JetSetGo has a clientele that embracecelebrities, corporate houses, sports stars, politicians along with the individuals who peregrinate in business class. The scope for magnification to connect tier II and III cities is immense as only 40 percent of 200 functional airstrips are connected by commercial airlines.