Progress records
19
Stage of your startup
Paying users
When did you start
March 2017
City
Istanbul, Turkey
Definition in 1 sentence
Book, stay and explore with local hosts
Elevator pitch
In 2013 me and one of my friend decided to start a local short term home rental website and in 2015 we finished 1st stage. But in 2016 was military coup in Turkey and it affected our startup and we stoped it. Finally in 2017 I decided to start it again. Now Roomorhome is ready to bring income.
Are you incorporated?
Yes
Category
Software
Sector
E-commerce & online marketplaces
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Product Demo Video Adress
Video Password
Startup Presentation
Image gallery
Why do you want to attend this program?
Want to get financial help and guidelines for marketing
Create Date
Wednesday, July 15, 2020 11:11 (Afgan Hasanov)

Business model

Describe the problem you are solving
In Turkish online reservation market there is no domestic platforms such as Airbnb and Homeaway. So we decided to be first and be first in market.
How are your customers solving that problem today?
Mostly they are looking for places where stay on google and they are finding small websites and Airbnb, Homeaway
Target custormers - Define customers, who are they
1. Domestic, 2. Russian, 3. European, 4. Arabian market
How do you plan to acquire customers?
Domestic marketing and advertising on social media
What is your revenue model or expected revenue model?
Our revenue model is commission from users and owners. Minimum commission is 12% and max. is 20%

Market info

What is your target market?
We want to be number one in market in two years
What is your total available market size
$ 40,000,000,000
What steps have you taken to validate the market?
We are tracked market from 2013 and in 2017 we knew what market needs. From 2013 till 2017 we collected all needed statics and got positive reviews in market
Do you have competitors? Please write down the names
Competitor name
Competitor website
Competition: write down competitors and explain
Roomorhome's advantage: A native, powerful and reliable (from infrastructure to technology used) portal. With the support of Turkish government, (support the use of domestic products) in 1-1.5 years'll dominate the market, and that will make our brand known globally slowly.
Who are your competitors and how are you different?
We are domestic company and we believe that we can be first in market because of here people want to use domestic products so we will take this power behind us and will be first in market sooner.
Traction / KPIs
What progress have you made in the last six months?
We finished programming month ago and got some users but covid-19 affected our work as well so it stopped now
How many customers/users do you currently have?
22
What is your monthly growth rate?
Covid-19 affected our growth so we don't have any rate right now
Describe traction
...

Finance

How much runway do you have left(Month)?
My startup is profitable
How is equity divided?
Equity type
Name surname
Email
Equity
Founder
Afgan Hasanov
% 100
How much money raised since start?
$ 35,000
Revenue lifetime
$ 0
Last months revenue
$ 0
Investment round
Friends & Family round
Target fund to raise
$ 0
Equity on offer
% 0
Number of employees
8
Other info Write bullet points (Grants, prizes, acceleration)
Add more comments

Team

Owner member
Yes
Member role
Founder
Name surname
Afgan Hasanov
Title
General Manager
Education
Bachelor Degree
School name
Odlar Yurdu University
Birthdate
26 February 1991
City
Istanbul, Turkey
Short Bio
I'm Afgan Hasanov from Azerbaijan. I was born in 1991. In 2013 finished Computer Engineering bachelor degree and I can speak 4 languages (English, Turkish Russian, Azerbaijanian Turkish). I moved to Turkey in 2013. Married and have 2 children.