Netcon Technologies Invests in Nikitek to Revolutionize Airport Baggage Handling & Advance Sustainability Leadership

Netcon Technologies, a global IT infrastructure leader, through a Netcon Group Subsidiary company has made a strategic investment into Nikitek, a dynamic technology startup on an endeavour to bring about digital transformation in the passenger travel ecosystem with technology innovations.

This move will transform the way baggage handling is done at airports, delivering a seamless, digitally enabled and eco-friendly travel experience, and also positions Netcon as an innovator driving sustainability in the aviation industry.

Nikitek has designed and developed India’s first electronic baggage tag, godigitag, a world class product having unique innovative technology & ease-of-use features. Centered on the passenger experience, godigitag is a disruptive, green, and digital technology solution that aims to transform air travel by replacing the paper bag tag with an eco-friendly digital bag tag promising a seamless travel experience that also complements the digital initiatives of the industry.

Right at the home, or upon arrival at the airport, travelers can simply tap their mobile device on the electronic tag, which will instantly capture all the necessary bag details. Attach the tag, drop the bag at the designated counter, and you’re off to the gate – no more wasted time waiting for agents.
Nikitek will deploy the invested funds for technology enhancements, go to market plans and VAS integrations, while the investment quantum remains undisclosed. It is expected that the fund infusion will accelerate the market entry plans for the product.

The strategic investment agreement was signed by Mahalingam Ramasamy, Founder & MD of Netcon Technologies and Vinod Philips, Founder & CEO of Nikitek on 9th of April 2024, at Netcon’s Bangalore headquarters.

“Our strategic investment in Nikitek marks a significant stride in making air travel more accessible, sustainable and efficient,” said Mahalingam Ramasamy, Founder & Managing Director of Netcon Technologies. “Through this ingenious technology, we will transform baggage handling into a hassle-free experience for both passengers, airlines and airports while advancing our net zero carbon goals and solidifying our position as a leader in aviation solutions.”

“The future of aviation is digital, sustainable and hyper-personalized. Our partnership with Nikitek will unlock a new era of seamless travel, where technology empowers passengers, airlines and airports to work in perfect harmony,” said Ashiq, CEO of Netcon Technologies. “This is just the beginning of our shared mission to redefine the travel experience for generations to come.”

“This strategic investment from Netcon will revolutionize the way we approach baggage handling,” said Vinod Philips, Founder & CEO of Nikitek. “Our shared vision of driving innovation and sustainability in airline operations is set to deliver a future of seamless, digitally enhanced and eco-friendly travel experiences.”

Netcon Group and Nikitek are excited to embark on this transformative journey together, ushering in a new era of airport efficiency, passenger satisfaction and environmental responsibility. Netcon Group and Nikitek are eyeing the upcoming $5B airport baggage handling industry.

Strategic Advisors:
The strategic advisors to the transaction are Investment Banking team from Zaikenn Technologies and Sujeet Mukherjee from 99 Million Partners.