FundedHere Header Logo
Gtriip
Gtriip is a travel-tech start-up that uses photo ID verification for fully automated contactless check-in at hotels and visitor management systems in office buildings. It reduces human contact and allows users to verify their identity and enter places seamlessly, thus, improving efficiency.
$X,000,000
Y% undefined $X,000,000
Z
4 months ago
Overview

Investors, please reach out to [email protected] if you have any questions regarding this investment opportunity, or indicate your soft commitments through the link above! 

Access Data Room Here 

Problem Statement

  • Multiple contact points
  • Crowding in the hotel lobby
  • Time-consuming
  • Manual processes

undefined

Solution

  • Mobile check-in
  • Contactless payment
  • Safer social experience 

undefined

Product

Gtriip's proprietary technology can verify the authenticity of the identification document and interfaces with local government entities for real time reporting. 

undefined

undefined

undefined

Traction

  • Being used in 29 hotels in Asia
  • Over 27,000+ rooms are using Gtriip's technology
  • Revenue of USD$718K in 2021
  • Partners include Pan Pacific, Amara Singapore, Dusit Thani Laguna as well as NUS and SPH
  • Investors include M1, Keppel, NUS, Accord Ventures and KDDI Japan 
  • 2% Churn rate 

Recurring Annual Revenue from Top 3 Clients:

  • Grand Park City Hall: SGD$363,502
  • Grand Hyatt Singapore: SGD$340,459
  • Pan Pacific: SGD$163,240

undefined

Product

Trevo (Hotels):

  • Contactless transaction from booking to check-out
  • B2B SaaS with a one-time installation fee of USD$6,000
  • 20-30% margins from hotel rooms

Aegis (Workplace/Offices):

  • Contactless visitor management system
  • USD$3 per employee per month

Fundraising

  • Raising a USD$500K priced-equity bridge round with a pre-money valuation of USD$10M
  • USD$100K in soft commitments from 2 angels

Use of Funds

undefined

Burn Rate

SGD50K per month, with a 2 month runway and a contingency plan to raise an emergency bridge round from existing investors

Competition

undefined

Team

undefined

$Y,000,000
SGDNaN
equity
D