Pruvo
Pruvo is an automated system with impressive revenue and an growth rate, which operates in the hotel online booking market valued at $ 550 billion, monitors prices and finds up to 67% discount for the same room on the same dates!
475% of funding target
Highlights
Highlights
Innovative, easy, and worth a fortune
A little over a year ago, after its launch, mainly due to the simplicity of usage, and substantial discounts it obtains, Pruvo was received with great enthusiasm from hotel bookers all around the world! Pruvo saves time in searching for the best hotel room price, and whenever there is a cheaper price, the system finds it and automates the process of re-booking. Just like KAYAK for cheap corporate flights, the Pruvo service is becoming a superior tool for travel planners of any kind.
Pruvo's quick success has been noticed and widely discussed by Israel's leading media carriers (Mako, Reshet, Globes, Geektime, etc.) as well as in 15 other countries around the world.
Growing virally - organically
The great success of the service in such a short period of time allows Pruvo to enjoy a significant viral distribution, as a valuable organic growth tool. This is not an accident: it is an offer that cannot be refused from the customer's point of view, especially when orders are scheduled for busy seasons, or a large family vacation.
Using Pruvo is popular, not only because it's free – but because it allows customers, with no expense or commitment on their end, to enjoy a huge discount ! No wonder they're excited and want to tell friends online:
Click here for more user reviews on Pruvo's Facebook page.
Investing in tech with revenues
Pruvo already produces revenues today, and in fact, has so far developed and distributed the service on its own without external financing. Now that it's generating revenue and growth, it is time to raise the capital required for the continued development of the system, developing smart algorithms that will be able to predict patterns of behavior based on Big Data analysis in the hotel market, and later on in other markets, to be able to offers clients the best prices for travel related services.
New global markets coming
Pruvo plans to expand and offer its services to the business travel industry, providing huge discounts for businesses and corporations in an estimated $ 16 billion market (according to data from the end of 2015).
In addition to planned activity in the business and organizational sectors, Pruvo has also received impressive exposure in leading media networks in 13 different Latin American countries, as well as a great deal of interest from Spanish-speaking web users. The company plans to later invest resources in deepening its entry into Latin America, as well as expanding its marketing tools to other global markets.
Pitch
Pitch
The Idea
You've heard of the Open Skies revolution and perhaps you've already used the cheap airfare prices, but how about applying the same low cost strategy in lodging? After all, this is an expense that is much higher for passengers today than the flight itself.
Unlike the new airline routes and cheap low cost flight deals they offer, the number of hotels in destinations around the world is growing at a much slower rate, and remains at the top of the list, as the largest spending expense on any vacation or business trip.
It's time to say hello to Pruvo's revolution: hotel prices are changing all the time. Even after booking, there is always a 40% chance that the room price will go down later, no matter how much time and effort you invest in finding the best deal at that moment.
Pruvo takes orders placed on any site, automatically tracks prices around the clock across hundreds of different sites and suppliers. Pruvo achieves a better deal for the customer for the exact same room, with a significant difference that can range from tens to hundreds of dollars.
Most of the customers, of course, are not aware of this possibility at all, which serves the hotels well: while in the various tourism sectors we see a steady decline in prices due to the reduction of companies' profits, this is not the case in the hotel market, which enjoys a huge profit margin
How does it work?
First, the customer sends their hotel reservation email confirmation by email, as received after completion. Pruvo's advanced system processes it and monitors prices 24/7 in an attempt to find the best price, for the exact same room type, on the same dates and at the same hotel, and informs the customer once a better price has been found.
At this point, Pruvo will help the customer re-order the same room at a better price and then cancel the more expensive booking, saving a lot of money for the upcoming vacation, without any risk or cost.
Pruvo also offers users a Chrome browser add-on, that will start tracking reservations once they're placed without the need to forward the email confirmation, and start looking for better prices that are automatically preferred.
The system locates deals using tools that are not available or exposed to every customer while browsing the hotel reservation site he uses, such as member discounts, hidden prices and other savings that are not available to the general public.
Team
Team
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Biography
Regev is a graduate of the Computer Science Department at the Technion. He has 3 years of experience in Linux administration on Intel‘s development infrastructure, as part of his student work. Regav has 4 years of software development experience and specializes in distributed systems, as well as extensive experience in the development process, from code writing to releasing versions.
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Biography
Since 2014, Doron has been running an independent firm, consulting for companies. After his military service as a fighting deputy commander of a combat team and commander of a rescue team in Unit 669, he moved to South America and, thanks to his many connections in both Costa Rica and Israel, was elected to the board of the Israel-Costa Rica Chamber of Commerce. Doron encountered Pruvo while working on one of two books he has published, on the issues of holiday planning and booking vacations at the best price. Since joining Pruvo, he has promoted its media exposure in 15 countries across Latin America so far. |
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Biography
Itai is the founder and leader of the ITTS community - the Israeli start-up tourism community, with more than 150 start-ups - and has extensive experience in the tourism industry. Served as head of Amadeus innovation activity in Israel, consultant for innovation in organizations such as Electra and others. Itai has extensive knowledge and a deep understanding in the field of travel, along with a deep understanding in cultivating innovation in organizations.
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