startups

Jet amid clouds, Naresh Goyal’s son launches travel tech startup – Economic Times


MUMBAI: Naresh Goyal’s son Nivaan Goyal has founded a travel technology company, seeking a fresh path out of family’s troubles as his parents face government probes and their grounded airline Jet Airways awaits an investor.

The Goyal family scion, with his cousin Nikhil Raghavan, also a former executive at Jet, started Digital Blinc Technologies, according to documents filed with the Registrar of Companies under the Ministry of Corporate Affairs. The company is registered in Maharashtra and was formed in June with an initial share capital of ?10 lakh, the documents showed. They listed Goyal and Raghavan as the first directors.

Raghavan announced the formation of the company in a Facebook post in August. “I’m glad to announce that I have co-founded a tech startup called Blinc Technologies. Our first product is a really exciting play in the B2C (business-to-customer) travel space and is set to go live in 2020,” he said on the social network.

The company website lists Raghavan, the former head of innovation and technology at Jet, as Blinc’s co-founder and president. It lists services including online ticketing solutions, a cab-ride sharing application, a loyalty platform for earning and burning points and a digital payment system.

Nivaan Goyal had, in the last few months of Jet’s operations, closely aided his father in trying to find a new investor for the company. Before that, he had been part of an internal business transformation team tasked with turning around the troubled airline. His close associates have said that in better days, he had broached the idea of travel technology in company meetings. He had proposed the technology would be owned and used by Jet. Those ideas didn’t come to fruition until now.

Former finance chief Amit Agarwal has joined as CEO of JSW Steel Coated Products Ltd. The airline’s chief people officer Rahul Taneja has moved as group HR head at the Jindal Group.

Raj Sivakumar, former senior vice president for worldwide sales and distribution, has joined global business process management company WNS as senior vice president and practice leader for the Americas. Belson Coutinho, senior vice-president for marketing, innovations and e-commerce at Jet, is now chief marketing officer at visa process outsourcing and technology company VFS Global. VFS also hired Praveen Iyer, Jet’s former senior vice president, revenue management and planning as its chief operating officer in Dubai.

Abhijit Dasgupta, vice-president of planning at Jet, has become head of network planning at IndiGo, the country’s biggest airline. Adam Voss, senior vice-president for engineering and maintenance at Jet, is CEO of South African Airways Technical.





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