India's Fast-Growing Aviation Market Spurs Boom In Private Charter Jet Startups like Jetsmart
India’s domestic aviation sector became the world’s fastest-growing aviation market last year, growing at a rate of over 20.3%, according to a report by KPMG. This sector is the ninth largest in the world and, according to a passenger forecast issued by The International Air Transport Association (IATA), it is stated to become the third largest aviation market by displacing the one in UK by the year 2026. The forecast predicts that the Asia-Pacific region will be a source of more than half the new passengers over the next 20 years.
Vineet Budki, CEO & CO-Founder of Guiddoo an award winning technology company, highlighted that the latest innovations have been in the area of aggregating supply and demand as well as monetising trends to ensure maximum revenue while offering better customer experience.
“Tours and operators never had a live inventory. We put a lot of technology in there, and also into distribution. Digital has great power because it allows you to cater to a wider audience than sticking with only one set or geography,” he said.
Interview with Travel Capitalist Partner Abrar Ahmad about "Venture Investment Trends in the Travel Industry" for SKIFT Report (purchase required).
Travel Capitalist Partner Abrar Ahmad offers timeless advice to all travel startups (interview on Tnooz)
Arguing that HotelTonight doesn’t need to raise additional venture capital funds beyond the $80 million it already took in, Shank said the fundraising climate has changed because of uncertainties about the stock market, economic growth in Asia, the U.S. presidential election, and other factors.
Give Up A Lot If You Raise Money
“When it shifts you go from a company that can raise money at any terms to one that has to give up a lot to raise money,” Shank told Re/code. “We will be in a position where we can choose to raise money or not by this summer.”
Wall Street Journal: Mutual Funds Sour on Startup Investments
Did you catch Guiddoo in the Economic Times?
Go FishFishMe Go! Congratulations on being in Batch 13 of 500 Startups (Mountain View).