Triptau is a Travel Tech. startup. We are focused on creating a next generation travel management company that will use Artificial Intelligence and Machine Learning to personalize and automate Global business travel.
Problem Statement:
- Planning and managing regular business travels is time consuming, monotonous and a painful chore.
Solution and Product:
- A digital travel agent, Tau, that automates planning and manages business travels in just a few minutes with just a few messages.
- Tau uses Natural Language Processing for making trip planning personal and conversational.
- Machine Learning is at the brain of Tau allowing it to learn user preferences continuously to personalize listings to specific User needs.
Target Market :
Short term - B2C
- Independent Management Consultants who travel for work regularly
- Over 800K management consultants in US alone - U.S Dept. of Labor
- 21 Million trips/year resulting in a target revenue of $210 Million ( 15% reduction in Global Business travel due to COVID-19 is accounted for )
Mid term - B2B
- Small to Medium Size companies
Long term - B2B
Business Model:
- Merchant model where Triptau resells lodging from wholesalers.
- Cash Flow through % Markups on the wholesaler rates while being competitive in the market space.
- More suited for customers in the B2C space.
- Agent model where customer pays directly to the supplier while Triptau will charge a $10 booking fee per trip
- More suited for customers in the B2B space
Team:
- Vam Kondraju - CEO
- Mark Alverson - CTO
- Jonathan Dorce - Digital Marketing
Financial Projections:
- Revenue
- 2021 - $160K
- 2022 - $ 1.15M
- 2023 - $ 4.96M
- 2024 - $ 9.76M
- Cash Flow Positive (Break-Even) - August, 2023
Angel Funding Request:
- Raising $250K for Angel Round in a Convertible or SAFE note
Happy to provide information as required.
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