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40197

App based platform - prepared business

India, West Bengal
Market: Tourism, sport, Mobile applications
Stage of the project: Operating business

Date of last change: 07/25/2019
Sale price
$  5.000.000
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share to sell
10%
Rating
equalizer 425 from 1000
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Does the enterprise work?

Yes

Idea

App based platform that pair solo & group tourist with local tourist guide & guided package tour in real time like UBER

Current Status

Operation started 5 Historical City in India from Jan 2019. Traction 100 customer and $1000 revenue in the month of Jan-Feb 2019. We hold our business as we revamp app with additional features and payment gateway integration. Re-launch again 15 August 2019.

Our projected revenue $485K by Dec 2019.

Annual sales, $

485000

Annual net income, $

50000

Organizational form

Pvt Ltd

Number of employees

7

Problem or Opportunity

No real-time “tourist guide” or “guided Package tour” booking facility available in market right now. It is always pre-schedule, you need to book well in advance.
Language is one of the serious problems when non-English speaking tourist (Japanese, German, etc.) visiting tourist places (say Victoria Memorial in Kolkata). They must go with expensive package tour with local tour operator.
Tour operator decides the guide in case of package tour or guided tour. Travelers do not have any role in guide selection. Travelers do not know who will attend them during site seeing. Most of the times they are employee of that tour operator and not authorized guide
There is freelancer “tourist guide” providing guide service but difficult to find / book them as per personal preference when needed.
It is bit difficult to find and book “Licensed / approved tourist guide” by Ministry of Tourism

Solution (product or service)

We developed Mobile app to solve those customer pain points. GuideRatna.com is an app based real time platform that pair solo & Group travelers with local Tourist Guide & guided package tour offered by local tour operators. Travelers can view, in real time in app, how many guides are available at particular tourist place (say at Victoria Memorial in Kolkata). Tourist can see back-ground details of guide like M/F, age, qualification, language speak, licensed/non licensed, etc. Tourist can select and book guide or guided tour package as per preference.

Competitors

Viator, TourHQ, GetYourGuide

Advantages or differentiators

It is real time on demand like we book Cab in UBER

Finance

Fund Raise from FFF = $25,000
Revenue = $1000, Customer 100 (Jan-Feb 2019)
Projected Revenue $485K by Dec 2019

Business model

20% commission on each transaction
$10 administrative fees from Guide per year

Reason for sale

Exit

Market

Solo & Group tourist

Risks

Funding

Invention/Patent

Patent File in India

Photos

Photo 1 - App based platform

Product Video

Website address

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Does the enterprise work?
Idea
Current Status
Annual sales, $
Annual net income, $
Type of property
Property and assets
Organizational form
Number of employees
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Business model
Reason for sale
Market
Team or Management
Risks
Invention/Patent
Photos
Product Video
Website address