Saturday, June 29, 2024 FlyNava Technologies, which is a foremost supplier of ground-breaking pricing resolutions that increase airlines’ functioning efficacy and profits prospect, declared the pledge of a $2.5 million pre-series A subsidy round headed by Ideaspring Capital. This essential investment prepares the stage for FlyNava to quicken its development in airline technology.
Naganand Doraswamy, the Managing Partner of Ideaspring Capital said that Ideaspring Capital is happy to join hands with Mahesh and the FlyNava line-up. The airline sector has rebounded after the pandemic and passenger statistics have reached an unsurpassed high. Digitization has played a vital role in this reversal.
With increase of competition and profits streams getting tighter, AI-focused, real-time, constant pricing is the need of the hour and FlyNava is all set to present this benefit to the industry. Mahesh Shastry, the Founder and the CEO of FlyNava Technologies said that they are happy to get their first important investment from Ideaspring Capital. He said that Ideaspring’s task to invest in product improvement authenticates theirs and will assist them in expanding their presence in the market, and introduce the newest variety of Jupiter — their prized product, and carry on offering excellent products and facilities.
FlyNava, bootstrapped during its initial phases and endured through the pandemic, is now set to use this funding to propel forceful growth, capitalize in product expansion.
