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Turpal Technologies

by Farshid Rahimkhani

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Base Target

1,159,350
Raised
778,406

21 investors so far

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Early Adoption Discount

1st.

First Tranche

Shares will be sold at a 20 % discount

RM0 share value remaining

RM37.09 Price/Share

2nd.

Second Tranche

Shares will be sold at a 15 % discount

RM0 share value remaining

RM39.41 Price/Share

3rd.

Third Tranche

Shares will be sold at a 10 % discount

RM149,073.86 share value remaining

RM41.73 Price/Share

4th.

Fourth Tranche

Shares will be sold at a 5 % discount

RM231,870.00 share value remaining

RM44.05 Price/Share

Minimum investment size 500

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Available for investment $82,146

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Price/Share before discount

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Why Turpal Technologies?

Why invest?

Notable Press

** turpal won the People's Choice award at HITEC renowned hospitality fair ** turpal was featured in Travel Talk with 600,000 industry participants ** turpal was featured in Travel TV News in India and held an exclusive webinar "Turpal platform to up post reservation sales for travel trade" which had over a hundred ...see more.

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The Team

CEO

Co-Founder

CTO

Program Manager

Product Manager

Customer Success Manager

Raghad Safi

HR & Operations Manager

Meet the Team

Invest in the future of travel. Turpal is a Smart Post-Departure Solution.

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Proposal ID: 10853
Closing date: Extended
Category: IT and Technology IT and Technology
Tags: B2B ... B2B, B2B Marketplace, Tech
Stage: published
location: United Arab Emirates

Presence:

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Why Turpal Technologies?

Tours, Activities and Attractions is the 3rd largest and fastest-growing segment of the travel industry.
This sector is predominantly run by SME local suppliers of tours and activities. Surveys find 86% of players in favor of modernizing the user experience to boost online sales*, however, the substantial upfront investment required lowers the digitalization rate and the adoption of emerging technologies.

Turpal solution offers affordable technology and connectivity tools enabling access to the live inventory while facilitating communication with the traveller for the travel professional in the destination.

So Why Invest in Turpal?
- Identified markets where key competitors have less than 1% market share
- Increased revenue by 4x from each in-house passenger for early adopters
- Onboarded key industry players in the target market, namely Elevate DMC, HIS, Magic Arabia, and Travel Designer Qatar,...
- Proven ability to duplicate operations in more than one country, aiming to expand to 18 countries over the next 5 years.
- Recurring revenue business model
- 200x anticipated revenue growth over the next 4 years from 3 revenue streams

*Travelport

Notable Press

The Business

Our Vision

To become the most comprehensive distribution channel of Tours, Activities & Attractions in the world

Our Competitive Edge

We have identified markets where our main competitors have less than 1% share, funding will enable us to catch a bigger share of this market.
Our unique selling point is that we have targeted clients who will bring in local suppliers' inventory of tours and activities. By providing them with affordable connectivity tools and onboarding them into our channel we enhance the quality and variety of offerings.

Our Achievement

- For our early adopters, Turpal has increased revenue by 4x from each in-house passenger

-Turpal has reached the client average engagement time of 40m in the app!

-Turpal has already enrolled a few industry pioneers as paid clients such as Elevate DMC, Magic Arabia, HIS,..

Fact file

Proposal ID: 10853

Closing date: Extended

Category: IT and Technology

Tags: B2B, B2B Marketplace, Tech

Stage: published

location: United Arab Emirates

Turpal is a Post Reservation Solution for Travel Professionals to manage their operation and increase their per-passenger profit.
When a passenger books any service with travel professionals, they will provide a real-time and Dynamic Itinerary for all the services that have been sold to passengers in the form of an App or web app, and passenger will receive their purchased itinerary such as hotel, flights, or transfer vouchers through this platform.

Turpal platform is a combination of
a. Smart interface on the passenger’s side that knows their itinerary to provide them with new recommendations;
b. and a channel manager of tour, activity and attraction, so the operator can promote their service or source from the channel.

The market size for the 3rd component of the Travel Industry which is Tours, Activities & Attractions is $254B and it is made up of highly fragmented operators.
Whilst the adoption of technology has sped up for flights and accommodation, the tours and activity sector market players still predominantly (70-80%) run in a traditional manner and offline.

Our serviceable market is ≃ 0.6% of the total addressable market: $254B*0.6%=$1.5B
Over 5 years we aim to expand Sales into 18 countries and 2000 clients

As an early-stage high-growth startup, we need to spend up to 40% of our budget on Sales & Marketing activities to achieve our targeted growth for the forecasted period.
Moreover, upfront investment supports us in building momentum and increasing adoption as price-sensitive operators are unwilling to commit to fixed-cost investments and our main source of revenue is from commission fees generated by sales on the platform.

We anticipate acquisition by major OTAs as our platform gets a comprehensive offering from a variety of local suppliers and buyer behaviour analytics making it an attractive purchase for OTAs who are looking to expand their offering of tours and activities without having to deal with contracting with each and every little supplier across key tourist destinations.

Public documents