- Country: India
- Industry: Tourism, Recreation
- Stage: Seed
- Investment size: $374,124 / min. $374,124
- ROI: 30% in 3 years
- Type of investment: Equity
We would like to address the needs of adventure sports enthusiasts in India by providing unique services through a safe and controlled environment.
The Company was incorporated in May 2016 as an Adventure Sports Company with the vision to address the needs of the Adventure Sports Enthusiasts in India by providing Unique Services through a Safe and Controlled Environment. The Company intends to introduce various Unique Adventure tourism/sports concepts that have proved themselves in the International Markets.
The Company is determined to associate with well-known International Players to introduce various concepts that are not currently operational in India. Currently, The Company is recognised as a certified ‘StartUp’ by the Department of Industrial Promotions and Policy (DIPP) under the Startup India Scheme of the Government of India. The Company has achieved recognition based on the technologically innovative services that they intend to introduce to the Indian Market in association with International Players that have the potential to generate employment and create wealth. The Company has presented few Unique Adventure Tourism / Sports Concepts to various State Tourism Authorities of India and currently is in a Legal Agreement of Exclusive Association with a State Tourism Authority to operate a Unique Water-based Adventure Tourism / Sports
The concept in their state.
India has unparalleled destinations for exploration and experience which creates immense potential for Adventure Tourism. To understand the Adventure Tourism Market of India, The Company referred to a report published in Oct 2016 by the Ministry of Tourism - GOI and Neilsen, titled “Adventure Tourism Study in India”. The report stated that the Adventure Tourism Market Size in India was at INR 1815.12 Cr in 2015-16 with potential growth. Well-known and recognised resource centre like IBEF has forecasted a good growth in the Travel and Tourism Industry due to prominent factors like; Rise in Income and Changing Demographics, Increasing spending on Tourism & Domestic Consumers to Lead Growth.
The Company as qualified for StartUp recognition is working towards introducing Unique Services that are not currently operational in India. The Unique Concepts that the Company is introducing are Globally Patented Concepts wherein there are just 1
Manufacturers for each Unique Concept. The 1st Concept that the Company is working on is a Water-based Activity which is originated in the USA and present at 13 locations across the Globe. The Machines used in the Concepts are manufactured in the USA and meet Safety Standards as per the USA and European Standards.
The Company has presented the above Water-based Unique Concept to the Goa Tourism Development Corporation (GTDC) and won a Tender Bidding issued by the GTDC. The Company is currently in a 15 years Legal Agreement with an Exclusive Association with the GTDC to operate the Concept in the State of Goa. The GTDC would be helping us with achieving all the permissions and approvals to operate the above water-based concept and the clause for the same is incorporated in the Legal Agreement.
The Company is very keen to run its Operations as per the Legal Regulations as stated by the Government of India. To understand the set of guidelines to be followed for the business operations PsykiX Adventures has referred to “Indian Adventure Tourism Guidelines Ver - 2.0, 2017” by the Ministry of Tourism, Government of India.
The Company is seeking Equity Investment to purchase, import and transport the machines from the International Market to the Business Operation Location.
First-to-Market Move to Introduce the Concept at Prominent Locations across India
Patented Concepts Eliminates Manufacturing Competition
Certified 100% Safe as per International Standards
Licensed and Experienced Manpower from National Institute of Water Sports India
Training provided to the Operations Team by the Manufacturer
Merchandise with Company Trademarked Logo
Exclusive Deals for Pan-India from the Manufacture
Rationale for the deal
The Adventures Tourism Sector of India is in need of Technologically Innovative Concepts that have been invented and operated in the Global Market. The Machines used in the Global Concepts being Patented cannot be manufactured in the Indian Market.
The State Tourism Authority that is Legally Partnered with The Company also senses the need of Unique Adventure Tourism Concept in their State to boost the Tourism Economy. The Company would be operating the Business as any other Adventure Tour Operator wherein the Primary Revenue would be through Ticket Sale and Secondary Revenue would be through Events, Industry Rentals and Sponsorships.
Use of financing
The Investment seemed would be utilised towards the Purchase, Import and Transportation of the Machines from the US to the Business Operation Location at Goa. The Investment would be utilised to purchase 2 Machines and pay an advance towards the 3rd Machine which would make The Company an Exclusive Distributor Pan-India.
We seek one round of Investment as Angel Investment to establish the proof-of-concept and run the business operations for 2 years. Post 2 years of Business Operations The Company is keen to apply on Funding Platforms like VC's to further seek funds to expand the Business Operations at prominent locations across India.
Opportunity for the investor
The Company is seeking an Equity Investment for 5 years with the Project ROI of 237.81% wherein Simple Annual ROI is 47.54% and Compound Annual ROI is 27.55%.
The Company is looking for an Angel Investor who would help in establishing the proof-of-concept at 1 Location and gain Business Traction. In Future The Company is keen to approach PE / VC Funding Platforms to seek Investment to expand the Business at prominent locations across India.
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