Blynk mobile concierge - Elevator Pitch to Investors
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Transcript of Blynk mobile concierge - Elevator Pitch to Investors
Founding TeamVinay Katwe Lokesh Rao Madhu Guptha(Product Architect) (Channel Sales) (Direct Sales)
SummaryBlynk Mobile Concierge is a complete mobile solution specifically built for hotels that
helps hoteliers to easily build unique mobile experience for their guests and staff -
whether to increase revenue, improve guest experience, engage & increase repeat
customers, or to achieve any other business objective.
Key features Hotel Info
City guide
Reservation
Housekeeping
In room Dining
Feedback
check out
Offers / Loyalty
How Blynk disrupts the market
Upload content to Blynk CMS (NO CODING)
Hotel Info – Images, Videos
Reservation API, Enquiry form
Staff Info, Feedback form
iPads and Android Tablets
iPhone and Android Phones
All Televisions
Existing Competitive Solution
6- 9 months
$50K to $150K
Developer need to update the app by code changes
3 – 4 days
$1K to $2K
No coding required … customer can themselves update app
Parameter
Time to develop app
Investment ($$) needed to develop app (Android,iOS)
Content updates
Express
$99
/month
Pro 500 – 50 Rooms
$129 /month
Pro 10051 – 100 Rooms
$199 /month
Pro 100+101+ Rooms
$299 /month
Setup & UsageDesigning Your App, App Store Listing, Android, Apple & TV support, Unlimited Usage, On Cloud
Hotel CMSLive Update
Real Time Reports & Statistics, Guest Request Notifications, Live Management Dashboard
Hotel MarketingSmart Targeted Advertising, Social Media Integration, Hotel Information, Tour & Local Attractions
Guest ExperienceFlight Info, 5 Day Weather Forecast, Local News, Online Entertainment
In Room Dining, One Touch Requests, House Keeping Requests, Concierge Services, Hotel Gift Shop, Laundry, Messages, Express Checkout
Pricing Model
One Time Setup & Design Fee $349 to $499 $499 to $1,499 $499 to $1,499 $499 to $1,499
Sales / Financials
Customers = 8
Resellers = 4
Trials = 20+
SALES ROADMAP – Next Year
25+ Channel partners globally
$10K / year target per Channel partner
$10K * 25 = $250K / year
INVESTMENT
Investment so far .. = $80K USD
Source of funding = Founders & advisors
Total Revenue so far .. = $40K USD
Funds Required
$50K
Monthly Subscription (SAM)
Pricing = $100 per month per hotel
$100 * 200K = $20 million / Month
Other Revenue PossibilitiesCity guide – Advertisement Revenue
Hotel guest data analytics - API to Tripadvisor, OTA
Commission against reservation / Orders from guest
Hotels400,000 hotels worldwide (includes 4*, 5* and 7* properties) - TAM
According to Trip Advisor 50% of hotels would implement mobile apps by 2016 = 200K (SAM)
Market Size
* According to the “American Hotel & Lodging Association”, there are 500,000 hotels worldwide* According to Trivago, a site used to compare hotels around the world, there are 718,507. It finds all hotels (motels, inns, etc.)
$250million / yr
Competitors•Voyego, Slovenia (EU)•Iris Apps, London•Quadriga, UK•Guestware, Seattle•….
$25million / yr
TARGET MARKET
SAM
* Guest Analytics is the fuel that powers successful loyalty programs, marketing campaigns, experience management, and
advanced revenue management
PRIMARY CONTACT INFORMATIONName: Vinay Katwe
Title: CEOPhone Number: +91 990 144 7416Email Address: [email protected]
http://www.blynk.it/Website
Incubated by Won Most Innovative Product Awards
Recognitions