TraSync Pitch
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TraSync www.trasync.com
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Transcript of TraSync Pitch
TraSync
www.trasync.com
Introduction
TraSync is the online booking Engine for Travel Business of Nepal
TraSync automate your online travel business. It provide the system for flight booking, hotel reservation and transportation which can be easily integrate in the websites of Travel Business Companies. So any visitor can buy your service directly from your site..
ProblemAll the website of travel agencies and hotels have enquiry based booking form, which works on manual way, so this cause :
Less than 20% of websites are able to bring tourists.
Average time of making deal is 15 hours for each tourist enquiry
No Guarantee of service
This is the problem of 2500 travel agencies, 600 tourist hotels and more than 100 of travel activities companies of Nepal
Solutions
We have built the online booking engine, which can be API, Widget, iframe that helps every company to automate their service so:
This is useful for the Travel Agencies, Hotels, Trekking Communities, Travel Portals, in destination Products and Service, Tour Activities, and any other travel business.
100% guarantee service for end users
Average time will reduce to zero
every website will functional to bring tourist
Current Solutions
There is not reliable solution till now
.
Enquiry Based system: Works Offline.
Hosted on other platform like Booking.com, Agoda.com
Market
We are getting 20% market penetration, so Average Addressable Market Reach is : 640
Addressable Market : 20% online market will be addressable for first year : 86,400,000
Total Market = (Avg Stay Time * Avg Hotel Spending + Avg Transportation Expense) * Tourist in Nepal
Tourist Hotels : 600 App, Portal and other:100Travel and Tour Websites : 2500
Tourist in Nepal Avg Stay Time Avg Hotel Spending Avg Transport Expense Total Market
800000 12 Days $20 $ 300 432000000
Business ModelThis is B2B model, We don't charge on using our system but we charge on each transaction.
If we are charging 2% on each sell : 1,728,000
Installation cost : 640 x 10000 = 6,400,000
Total Revenue : 1,728,000 + 6,400,000 = 8,128,000
8 Million USD Revenue in first year after complete phase
We are supporting Business, We charge 10,000 for installation which include the cost of SSL also.They get profit of 9% in minimum
Timeline
Complete First Level System Development
April
May
Integrating on first level market with flight service only
First Level market covers : [Kathmandu[5] – Pokhara[3] – Sauraha[2] – Lumbini[2] ]
Complete Second Level System Development
August
Publicly Available for everyone
First Level System : Flight ServiceSecond Level System: Flights + Hotel Service
September
TeamFounding Team
- Keshav PandeyEstablished and Recognised Travel Personal, more than 10 years of Experience. Chairman of FCI Group. Vice President of TAAN
- Prakash NeupaneEmerging Young Business Leader with technological expertise, Co-Founder of Nepflights, Working experience in National and International level on technology and community development. Ambassador of OneYoungWorld
- Niroj EdCore Development Expert, having experience of working in different company in different level. He was the Developer Lead of Nepflights.
Advisors
Ganesh shah : Former Minister of Science Technology and Environment Rajendra Pandey : Former Press Coordinator at Office of Prime Minister and Council of Minister
Investment
We are looking for 50K USD investment for this round.
65% 2018
40% 2017
Future
20%2016
75% 2019
Our planning to extend into other countries will be from 2018, where we can see the similar problem in countries like Bangladesh, Bhutan, Tibet, India, Srilanka
