By Zahra Al-Kateb
JetSmarter CEO Sergey Petrossov. Image Credit: JetSmarter
JetSmarter, the app that works like Uber for private jets, has attracted investors from across the globe raising an impressive $20 million. According to sources members of the Saudi Royal Family and music mogul Jay-Z are said to be some of the leading investors.
The app, built by 27-year-old investor Sergey Petrossov allows you to book a flight in seconds and aims to modernize the booking process by eliminating the middle man to provide a quick and efficient service. Customers can request, fly and play via their mobile phone and are able to choose between over 3,000 aircrafts worldwide allowing them to hail a private jet within seconds.
Image Credit: JetSmarter
The company offers three different services: JetDeals, which allows users to book one way private flights on demand, JetShuttle, which allows users to book seats on previously scheduled private flights and JetCharter, a service which offers private travel packages that are completely customizable from aircraft to route. To gain unlimited access to private flights users pay $9,000 a year.
Petrossov told Business Insider “I started the company out of a frustration with the booking process. I kept thinking to myself, ‘why hasn’t this service been brought into the digital world?’”
He also said: “what was unique about this fund raise is that we didn’t have to go out and seek investors. Our investors were already users.”
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The latest investment will go towards expanding routes and purchasing additional flights from carries. The company also hopes to expand their office operations in Asia and South America.
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