Photo - instaHop
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instaHop

Travelers instantly explore what they love with a host

Canada, Toronto
Market: Tourism, sport
Stage of the project: Prototype or product is ready

Date of last change: 30.06.2020
Min investment
$  100.000
Show contacts
Total required
$ 1.000.000
Rating
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Idea

instaHop is the Smartest way to Enjoy Your Travel, i.e. "UBER of Travel". We help travelers in a novel approach using Mobile/AI tech.

Current Status

$120K is been invested by founders to date
Launched instahop.io website with 300+ Experiences in Dec 2019
Launched Android & iOS Beta Mobile apps in April 2020
Generated $10K in revenue in the 1st month to validate product-market fit
Intellectual property asset protection via Patent started via Riahi Patents Inc.
200+ local hosts in Vancouver, Istanbul, Dubai, and other cities

Market

Our target market is global travelers who are looking for new and unique experiences, love to save money and time, and enjoy learning about new cultures and experiences through a local host.
Our customer type segmentations are:
Family travelers
Millennials & Generation Z
Business travelers

TAM: Tours & Experiences Global Market: $183B in 2019 (YOY growth: 9%)
SAM: Tour & Experience Market in our 30 regional hubs: $76B (42% global travelers)
SOM: Travelers in our 3 customer segments: $52B (68% of all travelers)

Problem or Opportunity

There is no easy & reliable solution to find and explore local authentic experiences based on your language, interests, budget & schedule when you face language barrier, complicated transportation and safety concerns.

millennial travelers are seeking Authentic Experiences ==> The rise of Experiential Travel (800M by 2025)

#1: The rise of Experiential Travel, 54% experienced living like a local, 75% participated in tours or activities
#2: , 75% of all travellers (800M) by 2025 will be Millennial, 1B+ young international travellers by 2030

Solution (product or service)

Instahop is a mobile application to help travelers explore the best of destination with the best matched host (private concierge). Traveler gets a perfectly matched private concierge anytime/anywhere by our mobile app (based on language, location, and interests). Our fast-growing community of "Locals Helping Travelers" answer traveler's questions instantly. Travelers find InstaHop the best solution to explore and find local attractions, taste the best local foods, take the fastest and most affordable transportation, and communicate with locals easily. We believe that our unique solution is the best and the most affordable solution to address the most critical problems travelers experience.

Competitors

All our competitors are focused on selling random tours to travelers without focusing on traveler's specific needs and interests.

Competitor Name
Revenue (USD)
Differentiator:

Airbnb
$1.1 B
Lodging, Restaurant booking ap, offer luxury stays and experiences

Expedia
$12.3 B
Multi Brand Strategy, owning a number of popular global and online travel brand,targets, discount-orientated travellers and Classic Vacations, mobile channel

TripAdvisor
$1.59 B
Travel transactions through the Booking functionality

ToursByLocals
$45 MM
Connecting locals to guests in 163 countries

WithLocals
$5.6 MM
Online platform that connects travelers with local tour operators and restaurants

Advantages or differentiators

Real-time solution for Travelers to explore with a Local Host via mobile app
Personalized experience tailored for Traveler by Host via proprietary algorithm
Customized list of Experiences is offered to Traveler based on collected data
Unique B2B2C Business Model to partner with big businesses in Travel industry

Finance

Revenue (USD)
EBIT
Company Evaluation
FTE



2020
$35,150
-$168,020
$175,000
4



2021
$1,204,125
-$1,125,144
$6,000,000
8



2022
$8,991,750
-$1,461,420
$45,000,000
12



2023
$65,448,968
$5,913,247
$327,000,000
20



2024
$314,721,533
$53,984,620
$1,573,000,000
36

Business model

We have a combination of two different revenue models:

instaHop is a service/tech company, it provides a product (free) and a service (paid)

o Product is Free, but the service is paid: In this model, which works well for instaHop app, the customer is able to download the app for free. They have to pay for the services that are available to them: Instant hopping. instaHop website, which provides pre-booking tours to the customer, is free to access. Customer has to pay for the services they receive.
o Transactional Revenue Model: instaHop provides a service to the customer (instant hopping and pre-booking of tours) and it generates revenue for these services.

Money will be spent on

$150,000
 Hosts & Employees Training
$180,000 Salaries
$400,000 
AI, Mobile Dev, R&D
$250,000
Marketing, Branding & Promotions
$20,000 
Legal

Offer for investor

For 12.5% Preferred Shares
$7M pre-money valuation

Team or Management

Photos

Photo 1 - Travelers instantly explore what they love with a host

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video