Event: 2022 Phocuswright Conference
Product: Vervotech Mappings
HQ: Pune, India
Principal(s): Sanjay Ghare, MD; Dharmendra Ladi, CEO; Ganesh Pawade, CTO; Marvel Puri, CRO; Rohit Shukla, CPO; Anurag Mittal, Dir. Marketing; Vinod Singh, Com. Dir.
Funding: Bootstraped
Product Description: Vervotech Room Mapping intelligently analyzes, standardizes, and groups multiple similar rooms by different suppliers via multiple parameters like room type, room view, amenities, bed type, description, policies and many more attributes. This ensures the same room does not get listed on travel portal twice.
Business Model: 1. SaaS for Travel Businesses includes (OTAs, DMCs, Suppliers, Wholesalers, Bed banks) for hotel and room mapping
2. Yearly license at the start of subscription. Public pricing on website.
3. Timing: No solution exists which operates at our scale of accuracy, coverage, transparency, customer success.
Competitors: GIATA, Gimmonix, DCS Plus
Competitive Edge: 1. Use of ever-evolving clustering ML algorithms
2. NLP and sentiment analysis on content for correct classifications
3. Intuitive dashboard for better business visibility
4. Image recognition and matching for optimized results
5. Supplier-specific algorithms taking care of deeper optimizations
6. Post booking services
Market Opportunity: Opportunity to sell to 300,000+ travel businesses globally
Early Customers: TBO, Webbeds, reservations.com, TravelBrands
