Get All Access for $5/mo

The Sky Queen A game-changer in the Aviation Industry

By Punita Sabharwal

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

JetSetGo Aviation

KANIKA TEKRIWAL, CEO & Founder, JetSetGo Aviation

Kanika Tekriwal first entered the aviation industry at the age of 17, hustling college and a full-time job. Belonging to a Marwari family; all her family members were involved in various businesses in some form or the other which gave her direction and a purpose of building her own business. Talking about her business interest she says, "I have always been very passionate about aircraft and wanted to become a pilot whilst my parents wanted me to study a marriageable subject and get married. So, I started working a full-time job in aviation and only going to college to give exams. Everything that I know about aviation I learned on the job; today I can assemble and disassemble a plane blindfolded. My passion further translated into starting my own venture by witnessing the problems that existed in the market."

That Said, JetSetGo was officially launched in November 2014. Often referred to as the Uber of the skies, JetSetGo is revolutionizing the private aviation business in the region by re-defining private flying as it currently manages and operates India's largest private jet and helicopter fleet. She fixed the two biggest problems in the industry, making private jets profit centers instead of cost centers for owners and at the same time reducing aircraft charter costs for charter customers. Kanika boot-strapped the business with an investment of INR 5,600 only. She then went on to find a co-founder Sudheer Perla and raised USD 2Million. Some superstar investors in the venture today include names like Yuvraj Singh and Puneet Dalmia.

"The intensity of the corporate world's glass ceiling first hit me when I was in a boardroom filled with over a hundred men. I was, to my surprise, the only woman in the room. I quickly realized that to feel intimidated would be an injustice to myself and other women whose dreams were waiting to be turned into reality. When I spoke, the men did feel intimidated."

No industry has remained untouched by the COVID crisis but travel and aviation being among the first to be affected have incurred a brutal blow. However, the private aviation space particularly did see a ray of hope amidst the crisis. The pandemic ultimately resulted in the complete shift of consumer mindset and how they look at private aviation altogether. Because of this situation, JetSetGo saw many first-time flyers sending their requests to travel. Today being the single largest market shareholder with a little over 21% market share, they have demonstrated profitability with revenues for this fiscal standing at 150 Cr.

Tekriwal firmly believes that everyone should be able to use an air taxi at a price similar to an Uber and is putting this vision to reality with JetSetGo's SkyShuttle. Launched in 2018 in 3 different routes, Sky shuttle enabled the user to book a ferry ride at a cost of an uber and reach their destination with a same-day return without any wait time.

(This article was first published in the March 2021 issue of Entrepreneur Magazine. To subscribe, click here)

Punita Sabharwal

Entrepreneur Staff

Managing Editor, Entrepreneur India

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

growX Ventures Launches Fund II with a Target Corpus of INR 400 Cr

Fund II aims to target early-stage and growth-stage investments, backing 20–24 startups in deeptech sectors. It plans to deploy INR 10 crore in seed and INR 20–30 crore in Series B rounds.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

News and Trends

Indian Venture Ecosystem Poised for Global Ascent: Recovery, IPO Resurgence, and 'Building for Bharat' to Define 2025

India's GDP is poised to scale from USD 4 trillion to USD 8 trillion over the next decade and will offer a playground that is remarkable for both founders and venture capital (VC) firms, said Pranav Pai, Founding Partner and CIO at 3one4 Capital.

News and Trends

Key Cybersecurity Trends to Track as Threats Evolve

India has lost INR 11,333 crore to cyber fraud in just the first nine months of 2024. Nevertheless, with increasing cyber threats and public awareness, companies are taking proactive steps to safeguard their networks and devices.

News and Trends

Uber Launches Moto Women in Bengaluru, Connecting Female Riders with Female Drivers

Uber Moto Women aims to ensure safety with real-time trip sharing, anonymised contact details, and RideCheck monitoring for irregularities. It also offers 24x7 priority support via Uber's Safety Helpline for women riders and drivers.