Royal Reservations

RR is connection between customers and organizers
  • Sector Software, It, Enterprise software
  • Country Pakistan
  • Founding date November 2017
  • Stage Users
Royal Reservations (RR) is reducing gap between customers and merchants. Our priority is to save time for searching best & nearest service providers. Now a day’s busy stressful life makes easier by providing such services that is not only trim down effort but also come closer market & users.

General

Sector
Software, It, Enterprise software
Category
Software, Consumer
Product usage or interact
Desktop, Mobile/Tablet (Android), Server software (ie, databases))

Business

Target customer
All business community (Event Organizers) and General public
Customer acquisition strategy
We engaged organizers based on free trial services at least 6 months
Revenue model
Our revenue model will subscription based for sales account to service owners
we have homepage that we can use as a advertisement fee, discount & offers
we will charge 10% or 20% subscription fees based on size of company for every 6 months

Market info

Market size
$90,000
Competitors
Competitor name
Competitor Website
Competition
Our competitors are providing services very expensive. Their revenue model is costly and cannot afford for all organizers. Secondly, the features they are provided is limited. Why organizers wants to switch as their system is desktop based and can't access on cloud.
Startup traction
Organizers must subscribe before joining royal reservations platform

Total early investment
$25,000
Shareholder structure
Owner type
Name
Equity
Muhammad Amman
Founder
% 24
Irfan Shahid
Co-Founder
% 18
Syed Hasnain Abbas
Co-Founder
% 20
Farrukh Iqbal
Co-Founder
% 16
Royal Reservations
Company
% 20
Aadil Nazir
Friends
% 2
Investment round
Angel Investment
Investment amount
$25,000
Equity on offer
% 5.0

Team

Muhammad Amman Khan  - Pakistan
Farrukh Iqbal  - Pakistan
Muhammad Irfan Shahid  - Pakistan
Syed Hasnain Abbas Hasnain  - Pakistan
Total team member
4
Comment
Strategy behind royal reservations is difficult to explain because our initiating round is based on target organizers 2nd round target customers for taking online bookings. In 3rd round royal reservation will act as intermediaries between customers and organizers (Payment acceptance through RR channel). It will
Last update: 17.06.2020