Flying a chartered aircraft is set to turn a lot more affordable as private jet aggregator JetSetGo is all set to launch its shuttle service between Mumbai and Delhi.
Launched in July, the Uber for private jet JetSetGo has received a fresh round of funding from Puneet Dalmia, Managing Director of Dalmia Bharat, in his personal capacity as the company looks to get aircraft directly under its operations to launch shuttle services. This investment comes after the Yuvraj Singh-funded YouWeCan Ventures acquired a stake in the company earlier this year.
Dalmia said, “A business is distinguished by customer experience, responsiveness and consistency in services. These qualities create a strategic advantage. JetSetGo delivers on this promise. Considering the intrinsic value of the company and the potential of this sector, I have reposed my faith in them.”
The new shuttle service will be priced at a par with business-class fare. “We'll use the fresh infusion of funds to expand our technology capabilities as well as to launch private jet shuttle services,” Kanika Tekriwal, the CEO and Co-founder, told BusinessLine.
The company has taken over the operation of four private jets from their operators in a profit-share model, wherein JetSetGo will have total control over the aircrafts and services and will pay a part of the profit from the operations as the rent for the aircrafts. After running trials with Delhi-Mumbai, the company intends to offer shuttle services in other sectors as well.
13/12/15 Varun Aggarwal/The Hindu Business Line
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Launched in July, the Uber for private jet JetSetGo has received a fresh round of funding from Puneet Dalmia, Managing Director of Dalmia Bharat, in his personal capacity as the company looks to get aircraft directly under its operations to launch shuttle services. This investment comes after the Yuvraj Singh-funded YouWeCan Ventures acquired a stake in the company earlier this year.
Dalmia said, “A business is distinguished by customer experience, responsiveness and consistency in services. These qualities create a strategic advantage. JetSetGo delivers on this promise. Considering the intrinsic value of the company and the potential of this sector, I have reposed my faith in them.”
The new shuttle service will be priced at a par with business-class fare. “We'll use the fresh infusion of funds to expand our technology capabilities as well as to launch private jet shuttle services,” Kanika Tekriwal, the CEO and Co-founder, told BusinessLine.
The company has taken over the operation of four private jets from their operators in a profit-share model, wherein JetSetGo will have total control over the aircrafts and services and will pay a part of the profit from the operations as the rent for the aircrafts. After running trials with Delhi-Mumbai, the company intends to offer shuttle services in other sectors as well.
13/12/15 Varun Aggarwal/The Hindu Business Line
