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Listing Id: 36146 Last Refreshed: 25/03/2025 Total Views: 55

Travel Tech Company With Ai-Powered Digital Platforms: Seeking Strategic Investors For IPO Plan

Central AreaInformation TechnologyTravel
Asking Price: S$1,000,000(Neg.)
Business For Takeover
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Overview

  • Premise Type Office Building
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  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
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  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
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  • Source Broker

Reason For Sale

Seeking Strategic Investors for IPO Plan

Description

Investment Opportunity:
Seeking S$1m to $2m from strategic investors to accelerate growth towards an IPO within 2-3 years. The company, founded 4 years ago, is well-aligned with an IPO advisory firm, guiding our strategic direction towards public listing.

Investor Benefits:
-Investors will receive a significant stake, with all terms and share transfers meticulously documented and legally formalized. The goal is for investors to recoup multiple times their initial investment through the IPO.

Preferred Investor Profile:
-We welcome individuals, family offices, VCs, and organizations with backgrounds in tourism and technology. All interested parties are invited for discussions.

Use of Funds:
-The raised funds will be utilized to scale operations and expand into key regional markets like Malaysia, Thailand, and Vietnam, starting from our base in Singapore.

About the Platform:
-Endorsed by the Singapore Tourism Board, our platform offers a comprehensive suite of tools and services for both individual travelers and business partners, focusing on enhancing the travel experience by uncovering local gems and providing seamless travel logistics.

Integration and Operations:
-Our services are integrated into in-room IPTV and smart devices across major hotel brands in Singapore, covering over 12,000 rooms. The platform enables bookings for hotels, airlines, and tourist attractions, enhances connectivity with SIM card purchases, and facilitates engagement with local tours and travel agencies.

Revenue Model:
-We generate revenue through margins from sales of the above services.

Previous Investment Rounds:
-2022: Raised USD 500K through angels
-2022: Raised USD 150K through crowdfunding under US SEC
-2024: Raised USD 500K through angels
-2024: Secured an investment agreement for USD 1M + potential USD 2.5M (ongoing discussions)

Core Team:
-CEO: Russian tech entrepreneur with a PhD and 15+ years in building tech startups, specializing in product creation and development.
-CFO: Singaporean with 30+ years in management, sales, and operations in technology sectors, including roles at Hitachi and IBM.
-CTO: Singaporean with extensive tech development experience, formerly at Deutsche Bank and leading his own software company.
-Advisor: New Zealander with over 40 years in travel, hospitality, and technology, former CEO of PATA and a known industry strategist.

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