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Problem Statement
- Multiple contact points
- Crowding in the hotel lobby
- Time-consuming
- Manual processes
Solution
- Mobile check-in
- Contactless payment
- Safer social experience
Product
Gtriip's proprietary technology can verify the authenticity of the identification document and interfaces with local government entities for real time reporting.
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
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
Burn Rate
SGD50K per month, with a 2 month runway and a contingency plan to raise an emergency bridge round from existing investors
Competition
Team