This document provides information on JettaPlus, an online marketplace for unused plane tickets. It discusses JettaPlus' mission to become a leading marketplace for €50 plane tickets. It outlines how JettaPlus launched in Israel in 2016 and became a competitive player with over 1 million visitors and 1000 ticket sales totaling over $250,000. The document also discusses opportunities in the airline industry with increasing travelers and unused tickets each year, as well as JettaPlus' experience working with airlines, travel companies, and insurance companies. Financial projections show JettaPlus requesting $6 million in funding to launch in May 2018 and continue growing through June 2019.
EARWAYS MEDICAL is a leading innovator of ear-care solutions. Founded to enhance the well-being of millions of children and adults worldwide, EARWAYS MEDICAL provides easy-to-use ear care products, designed for clinicians and home use.
EARWAYS MEDICAL is a leading innovator of ear-care solutions. Founded to enhance the well-being of millions of children and adults worldwide, EARWAYS MEDICAL provides easy-to-use ear care products, designed for clinicians and home use.
Ownership Structure & Venture Capital-B.V.RaghunandanSVS College
Operations of venture capital and private equity and their relevance to Indian economy,as delivered by B.V.Raghunandan in a guest lecture to MBA students of St.Josaeph's Engineering College at Vamanjoor, Mangalore Dt., Karnataka state in India on April 4, 2008
With each member of the Rikas investment Group's team possessing a long-term work experience in the fields of healthcare, agriculture, consulting, strategic planning, business development management, sales and marketing, and psychology, we have decided to join our efforts and be useful to many clients facing issues in that fields.
The Group just released their newest corporate brochure.
For more details of the group's activities, please visit the corporate website, http://www.rikas-invest.com
Match Fit: Shaping Asia capable leaders features ground-breaking research on the level of Asia capability among board members and senior executives from Australia's ASX 200 companies and top private organisations.
The report reveals alarmingly low levels of Asia capability on Australian boards and senior leadership teams, with 90% of ASX 200 companies and 82% of the top 30 private companies not adequately equipped to do business in Asia.
East2 is a decentralised marketplace to transform travel services, powered by EDOS and traveller-focused data with flexible, dynamic, and intelligent booking experiences. Created by founders Stephen Bartlett-Bragg and John Edginton, with an experienced team from across British Airways, Cathay Pacific, Air China, and other notable airlines.
Al Ghawas Tours Agency in TurkeyThere several tourist attrac.docxnettletondevon
Al Ghawas Tours Agency in Turkey
There several tourist attractions in the country
A tourist agency that will be planning everything for the tourist when they visit is an opportunity.
There are gaps when it comes to tour guiding in the country ("12 Top-Rated Tourist Attractions in Turkey | PlanetWare," n.d.).
Turkey in last alone hosted more than 37 million foreign tourists
The number keep increasing each and every year
Goals, Mission and Objectives
The main goal is to be the leading touring agency in the world
The mission is to plan, guide and provide quality services to the tourists in the best way possible and make them enjoy their money fairly.
Objectives include retaining as many tourists as possible in our agency.
The other objective is to have as many referrals from the old clients as possible.
Why Turkey
Turkey is the sixth visited country around the globe in relation to tourism("Tourism - Invest in Turkey," n.d.) .
Turkey has several fascinating tourist attraction sites.
Turkey has a stable political environment ("Is Turkey safe for tourists and can I cancel my holiday?," 2017).
Economically the country is growing with a gross domestic product of 85.7 billion USD
The country is strategically positioned neighboring Europe and Western Asia who make the best clients (Türker, 2016) .
Organizational Structure
Information moves from top to bottom
CEO will tell the Company Executives, Which will distribute the tasks between the departments
The enterprise will have departments to coordinate to achieve goals
CEO will make sure that the company run smooth. CEO will tell the Company Executives, Which will distribute the tasks between the departments
All the mangers will make sure that goals are done achieved effectaly
4
Products and services
Kenteque deals with products ranging from home appliances, to computers and many personal electronics
Also, providing consumers with popular brands such as Apple, Microsoft, Samsung and Sony to name a few.
Secondary services are available such as repairs, online shopping and financing for our products
Kenteque deals with products ranging from home appliances, to computers and many personal electronics
Also, providing consumers with popular brands such as Apple, Microsoft, Samsung and Sony to name a few.
Secondary services are available such as repairs, online shopping and financing for our products
5
Entry strategy
The company intends to apply the in market presence strategy as mode of entry.
As a result all the targets products would be controlled by the firm.
Also as a way to make it work, the company intends to partner with tourist firms that will help in making the firm entry easier.
The firm also intends to position itself in a manner that tourist will be the leading tourist guide in Turkey by marketing itself online.
Marketing strategy
Al Ghawas intends to market itself trough advertisement.
Other marketing strategies that will be applied include promotion
The use of social .
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Synthium Health is a B2B marketplace designed specifically for the healthcare industry. It offers a cloud-based supply-chain management solution that streamlines transactions between healthcare parties, driving engagement and conversion.
As of Dec 28th, #InsurTech raised $7Bn in funding in 2020.
In these slides, I share an investment update on the state of InsurTech investment and its impact on the startups. growth ventures, investors, and incumbent player communities.
I am also sharing a few case studies of winning market players including Oscar, Lemonade, Root, Wefox, and Ant Financial which all did very well in 2020. Also, check-out my 2021 prediction article on LinkedIn, which brings everything together.
Accelya Kale is one such vendor with niche focus on the airline industry, unique business model and very wide moats. It stands apart from the Indian IT pack with its 44% EBIT margins, 80% ROE, 90%+ FCFE conversion and 85% dividend payout ratio.
About Accelya Kale and Accelya
Accelya Kale Solutions Limited provides a suite of financial and business intelligence solutions to the Airlines. It also provides industry solutions to IATA. Accelya Kale, formerly known as Kale Consultants Limited, is part of the Accelya group since 2010.
Accelya Kale (then Kale Consultants) was originally promoted as a solutions provider to Travel, Cargo and Logistics industry by Narendra Kale and Vipul Jain. In Sep of 2010, Accelya Holdings World SL acquired the promoter’s entire shareholding at a price of INR 172 per share. While the purchase of 35.61% of the company from the promoters triggered an open offer for a minimum of 20%, Accelya increased the size of the offer to 34.39%, thus ending up with 70.17% stake. It further bought shares from the open market taking its entire holding to 74.66% in the company.
While Narendra Kale moved on to focus on the Logistics business that was sold by Accelya on a slump sale basis, Vipul Jain has continued as the CEO of the company.
At the current market price of INR 923.25 and a divided yield of 5.3%, Accelya Kale is an extremely high quality business worth buying into at a reasonable valuation. I expect growth to come back to the company and might even surprise over a 2 to 3 year time period. Added to it, the high likelihood of the company or the group being acquired, there are reasonable profitable exit options for the investor. In line with my DCF valuation, I have a price target of INR 1364 (Upside of 47%) with in a 12 – 18 month period.
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020Alchemy Crew
This presentation shares insight on the investment patterns within the InsurTech practice area between January 2020 and September 2020.
I delivered these sides virtually for Exec InsurTech team in Cologne and Digital Africa Conference on InsurTech.
The presentation also highlights startups that have received the most investment during the period and the type of business model or solutions they are putting to market. Investors are certainly funding more mature businesses today.
We believe seed investment will start again once potential consolidation has occurred within the marketplace.
Ownership Structure & Venture Capital-B.V.RaghunandanSVS College
Operations of venture capital and private equity and their relevance to Indian economy,as delivered by B.V.Raghunandan in a guest lecture to MBA students of St.Josaeph's Engineering College at Vamanjoor, Mangalore Dt., Karnataka state in India on April 4, 2008
With each member of the Rikas investment Group's team possessing a long-term work experience in the fields of healthcare, agriculture, consulting, strategic planning, business development management, sales and marketing, and psychology, we have decided to join our efforts and be useful to many clients facing issues in that fields.
The Group just released their newest corporate brochure.
For more details of the group's activities, please visit the corporate website, http://www.rikas-invest.com
Match Fit: Shaping Asia capable leaders features ground-breaking research on the level of Asia capability among board members and senior executives from Australia's ASX 200 companies and top private organisations.
The report reveals alarmingly low levels of Asia capability on Australian boards and senior leadership teams, with 90% of ASX 200 companies and 82% of the top 30 private companies not adequately equipped to do business in Asia.
East2 is a decentralised marketplace to transform travel services, powered by EDOS and traveller-focused data with flexible, dynamic, and intelligent booking experiences. Created by founders Stephen Bartlett-Bragg and John Edginton, with an experienced team from across British Airways, Cathay Pacific, Air China, and other notable airlines.
Al Ghawas Tours Agency in TurkeyThere several tourist attrac.docxnettletondevon
Al Ghawas Tours Agency in Turkey
There several tourist attractions in the country
A tourist agency that will be planning everything for the tourist when they visit is an opportunity.
There are gaps when it comes to tour guiding in the country ("12 Top-Rated Tourist Attractions in Turkey | PlanetWare," n.d.).
Turkey in last alone hosted more than 37 million foreign tourists
The number keep increasing each and every year
Goals, Mission and Objectives
The main goal is to be the leading touring agency in the world
The mission is to plan, guide and provide quality services to the tourists in the best way possible and make them enjoy their money fairly.
Objectives include retaining as many tourists as possible in our agency.
The other objective is to have as many referrals from the old clients as possible.
Why Turkey
Turkey is the sixth visited country around the globe in relation to tourism("Tourism - Invest in Turkey," n.d.) .
Turkey has several fascinating tourist attraction sites.
Turkey has a stable political environment ("Is Turkey safe for tourists and can I cancel my holiday?," 2017).
Economically the country is growing with a gross domestic product of 85.7 billion USD
The country is strategically positioned neighboring Europe and Western Asia who make the best clients (Türker, 2016) .
Organizational Structure
Information moves from top to bottom
CEO will tell the Company Executives, Which will distribute the tasks between the departments
The enterprise will have departments to coordinate to achieve goals
CEO will make sure that the company run smooth. CEO will tell the Company Executives, Which will distribute the tasks between the departments
All the mangers will make sure that goals are done achieved effectaly
4
Products and services
Kenteque deals with products ranging from home appliances, to computers and many personal electronics
Also, providing consumers with popular brands such as Apple, Microsoft, Samsung and Sony to name a few.
Secondary services are available such as repairs, online shopping and financing for our products
Kenteque deals with products ranging from home appliances, to computers and many personal electronics
Also, providing consumers with popular brands such as Apple, Microsoft, Samsung and Sony to name a few.
Secondary services are available such as repairs, online shopping and financing for our products
5
Entry strategy
The company intends to apply the in market presence strategy as mode of entry.
As a result all the targets products would be controlled by the firm.
Also as a way to make it work, the company intends to partner with tourist firms that will help in making the firm entry easier.
The firm also intends to position itself in a manner that tourist will be the leading tourist guide in Turkey by marketing itself online.
Marketing strategy
Al Ghawas intends to market itself trough advertisement.
Other marketing strategies that will be applied include promotion
The use of social .
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Synthium Health is a B2B marketplace designed specifically for the healthcare industry. It offers a cloud-based supply-chain management solution that streamlines transactions between healthcare parties, driving engagement and conversion.
As of Dec 28th, #InsurTech raised $7Bn in funding in 2020.
In these slides, I share an investment update on the state of InsurTech investment and its impact on the startups. growth ventures, investors, and incumbent player communities.
I am also sharing a few case studies of winning market players including Oscar, Lemonade, Root, Wefox, and Ant Financial which all did very well in 2020. Also, check-out my 2021 prediction article on LinkedIn, which brings everything together.
Accelya Kale is one such vendor with niche focus on the airline industry, unique business model and very wide moats. It stands apart from the Indian IT pack with its 44% EBIT margins, 80% ROE, 90%+ FCFE conversion and 85% dividend payout ratio.
About Accelya Kale and Accelya
Accelya Kale Solutions Limited provides a suite of financial and business intelligence solutions to the Airlines. It also provides industry solutions to IATA. Accelya Kale, formerly known as Kale Consultants Limited, is part of the Accelya group since 2010.
Accelya Kale (then Kale Consultants) was originally promoted as a solutions provider to Travel, Cargo and Logistics industry by Narendra Kale and Vipul Jain. In Sep of 2010, Accelya Holdings World SL acquired the promoter’s entire shareholding at a price of INR 172 per share. While the purchase of 35.61% of the company from the promoters triggered an open offer for a minimum of 20%, Accelya increased the size of the offer to 34.39%, thus ending up with 70.17% stake. It further bought shares from the open market taking its entire holding to 74.66% in the company.
While Narendra Kale moved on to focus on the Logistics business that was sold by Accelya on a slump sale basis, Vipul Jain has continued as the CEO of the company.
At the current market price of INR 923.25 and a divided yield of 5.3%, Accelya Kale is an extremely high quality business worth buying into at a reasonable valuation. I expect growth to come back to the company and might even surprise over a 2 to 3 year time period. Added to it, the high likelihood of the company or the group being acquired, there are reasonable profitable exit options for the investor. In line with my DCF valuation, I have a price target of INR 1364 (Upside of 47%) with in a 12 – 18 month period.
Lens on 1st Half 2020 Post-Covid19 Investment With New Insight up to Sep 2020Alchemy Crew
This presentation shares insight on the investment patterns within the InsurTech practice area between January 2020 and September 2020.
I delivered these sides virtually for Exec InsurTech team in Cologne and Digital Africa Conference on InsurTech.
The presentation also highlights startups that have received the most investment during the period and the type of business model or solutions they are putting to market. Investors are certainly funding more mature businesses today.
We believe seed investment will start again once potential consolidation has occurred within the marketplace.
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Business Services Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Created an insurance claim management pitch deck. The problem, Solution, competitive analysis, marketing analysis, Financial analysis, roadmap, and GTM.
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
This document brings together a set
of latest data points and publicly
available information relevant for
Travel & Transportation Industry. We
are very excited to share this content
and believe that readers will benefit
from this periodic publication
immensely.
Our Omnicommerce application on iPad mobile and the web allows you sell
a store's products in a physical, retail setting. It's quick and easy:
browse your store's catalog, pick a customer's products, swipe their
credit card, and print their receipt or send it through email
Osisko Development - Investor Presentation - June 24
Jetta
1. Parnasa 62 - Tech Fund
JettaPlus
Your marketplace for unused plane
tickets!
July 2017
2. OUR MISSION
Our mission is to become the leading
marketplace for 50 euro plane tickets and
allow people to travel as much as they
wish!
Parnasa 62 - Tech Fund
July 2017
3. JETTAPLUS.COM (since 2015) - Online technology
based marketplace allows travellers to sell their own
unused plane tickets to other travellers.
We launched in Israel in Sep. 2016 and during a short
time ( 4 months ) Jetta Plus became a competitive
market player with active traffic:
• Visitors: over 1,000,000;
• Sales: over 1000 unused plane tickets;
• Online transactions: over $250,000 and cooperation
propositions from leading travel companies in Israel.
Parnasa 62 - Tech Fund
OUR STORY
July 2017
4. MEDIA & PR
Parnasa 62 - Tech Fund
https://www.youtube.com/watch?v=mEE_IGbm2Qw
https://www.youtube.com/embed/8TWK3kUwLI4?rel=0
https://www.facebook.com/laylacalcaly/videos/10154092185732943/
July 2017
5. OUR OPPORTUNITIES
Since Open Skies Agreements (in 2013) , the Airline Industry went through incredible changes:
1) Drastic drop in ticket prices.
2) Airlines’ rules change: from stiff to flexible.
3) An incredible increase of travelers each year (up to 50%)
* “The Civil Aviation Authority (CAA) reports an expected increase in low-cost flights...”
4) Each year 85,796,880 travelers are “stuck” with unused plane tickets (3.15% of all
travelers)
* Based on “Top 100 busiest airports by passenger traffic report 2016” and “NO SHOW” statistics.
5) Travel and insurance companies are “stuck” with reserved and unused plane tickets .
6) Airline companies are looking for direct and discreet distribution channels.
7) Travelers become more spontaneous and expect cheaper flights.
Parnasa 62 - Tech Fund
July 2017
6. OUR RICH EXPERIENCE
Parnasa 62 - Tech Fund
After 2 years of intensive “fieldwork" we got to know the following:
• Airline companies operations and their distribution channels (GDS, LDS, direct and etc.)
• Travel (wholesaler) companies model (both small and big)
• Tour operators operations (even took the tour operator course)
• Travel cancellation insurance companies operations (Trip Guaranty, Allianz, Passport card)
• Pain Point of people who are stuck with unused tickets.
Days changes before flight:
3 Days 26%
7 Days 23%
4 Days 21%
19 Days 15%
1 Day 15%
July 2017
8. OVERBOOKING
Overbooking flights is fairly standard in the airline
industry and completely legal. Airlines often engage
in this practice to make up for customers who do not
show up for their scheduled flight, trying to ensure
that their flights are as close to full capacity as
possible.
Specifically, under EU Regulation EC 261/04*
regarding passenger rights, any passenger
involuntarily denied boarding on an overbooked
flight departing from an EU airport, regardless of
airline or destination, is eligible for airline
compensation of up to €600.
Parnasa 62 - Tech Fund
July 2017
9. LOW-COST AIRLINES’ REVENUE
Parnasa 62 - Tech Fund
AirAsia 910M 260M 18.50%
Virgin America 4.4M 370M 6.90%
Norwegian 2.2B 418M 15.40%
AirAsia X 527M 138M 16.50%
West Jet 3B 347M 9.60%
Indigo 2.5B 305M 13.20%
Low-cost airlines Seat revenue Extra revenue % of all revenues
July 2017
10. Parnasa 62 - Tech Fund
Low-cost airlines Seat revenue Extras revenue % of all revenues
50 €
100€
500 €
1000 €
NOW
3 YEARS
BASIC
(3 YEARS)
WHERE WE ARE HEADING
July 2017
11. Parnasa 62 - Tech Fund
HOW WE ARE GOING TO GET THERE
Agreements with travel companies who are “stuck” with unused and cancelled plane
tickets.
Agreements with airline companies who are looking for “direct” distribution channels which
are not identified with them.
Agreements with tour operators and insurance companies who are looking to reduce
expenses.
The huge number of travelers who are “stuck” with unused tickets.
July 2017
12. Parnasa 62 - Tech Fund
LAUNCHING DATE
MAY 2018
July 2017
13. Parnasa 62 - Tech Fund
FINANCIAL MODEL
The Company will purchase tickets in bulk from discount airlines and resell them on the
website.
Inventory is assumed to be 3-6 months before sale of tickets.
Average tickets sold totals approximately 103 in the second year of operations.
Revenues are based on sale of plane tickets for 50 Euro ($55).
The Company receives a 10% commission on sales.
Operating Expenses are based on the Company’s two year budget plan, a breakdown is
provided on the next page.
The Company is projected to have an accumulated deficit of $4.0 million by June 2019.
July 2017
14. Parnasa 62 - Tech Fund
As of June 2019, the Company will
have $840,000 of ticket inventory
remaining.
In addition, the Company requests a
reserve of $2 million in order to be able
to respond swiftly to changing online
market environment against the
competition.
Capital Required USD
Accumulated Cash Flow 4,047,125
Reserve Fund 2,000,000
Total Requested Funds 6,047,125
July 2017
FINANCIAL MODEL
15. Parnasa 62 - Tech Fund
As of June 2019, the Company will
have $840 K of ticket inventory
remaining.
In addition, the Company requests a
reserve of $2 million in order to be
able to respond swiftly to changing
online market environments against
the competition.
July 2017
FINANCIAL MODEL
USD July 2017-June 2018 July 2018-June 2019
Average Daily Tickets Sold N/A 150
Total Tickets sold 450 54,100
Revenues 24,750 2,975,500
YoY Growth 11922%
COGS 22,275 2,677,950
Gross Profit 2,475 297,550
% of revenues 10% 10%
R&D 207,375 407,500
% of revenues 838% 14%
G&A 349,353 562,772
% of revenues 1412% 19%
16. Parnasa 62 - Tech Fund
As of June 2019, the Company will
have $840 K of ticket inventory
remaining.
In addition, the Company requests a
reserve of $2 million in order to be
able to respond swiftly to changing
online market environments against
the competition.
FINANCIAL MODEL
July 2017
S&M 530,500 1,080,000
% of revenues 2143% 36%
Unexpected Costs 163,084 307,541
% of revenues 659% 10%
Total Opex 1,250,312 2,357,813
Operating Profit (1,247,837) (2,060,263)
% of revenues -5042% -69%
Tax – –
Change in Working Capital (200,475) (638,550)
OCS Grant 100,000
Free Cash Flow (1,348,312) (2,698,813)
Accumulated Cash Flow (1,348,312) (4,047,125)
17. Parnasa 62 - Tech Fund
OPERATIONAL EXPENSES
R&D: In the second half of 2018, the Company will begin new market development strategies.
Over 60% of first year of operations will go towards professional cooperation with GDS and IDS
systems. In the second year, it will only represent 30% of R&D costs.
G&A: Salary and training makes up about 25% of the G&A in the first year and will double in the
second year as the Company increases the workforce.
S&M: 85% of the S&M expenses will go towards advertising costs. The Company will use both
internet and television solutions, with a focus on travel related media.
Unexpected Costs: The Company maintains a cushion of 15% of the operating expenses for
unexpected costs.
July 2017
18. Parnasa 62 - Tech Fund
As of June 2019, the Company will
have $840 K of ticket inventory
remaining.
In addition, the Company requests a
reserve of $2 million in order to be
able to respond swiftly to changing
online market environments against
the competition.
USD July 2017-June 2018 July 2018-June 2019
R&D
Outsourcing Costs 11,000 3,000
New Market Development 40,000 240,000
Software Costs 6,000 6,000
Others 10,375 28,500
Professional cooperations (GDS, IDS.) 140,000 120,000
Total R&D Costs 207,375 407,500
G&A
Office 62,887 68,604
Communications 18,585 23,531
Professional Services 68,500 118,000
OPERATIONAL EXPENSES
July 2017
19. Parnasa 62 - Tech Fund
As of June 2019, the Company will
have $840 K of ticket inventory
remaining.
In addition, the Company requests a
reserve of $2 million in order to be
able to respond swiftly to changing
online market environments against
the competition.
USD July 2017-June 2018 July 2018-June 2019
Capital Equipment 21,100 0
Salary & Training 88,283 192,187
Travel 54,750 66,900
Others 35,248 93,549
Total G&A 349,353 562,772
S&M
Professional Services 68,500 118,000
Advertising Costs 450,000 950,000
Conventions & Flights 12,000 12,000
Total S&M 530,500 1,080,000
Total Unexpected Costs 163,084 307,541
Total Operating Expenses 1,250,312 2,357,813
OPERATIONAL EXPENSES
July 2017
20. Parnasa 62 - Tech Fund
Karin Savitsky is CEO and founder at Jetta. Karin holds B.A.
from Wingate Institute. In past she established and operated her
own business in the field of personal training and lifestyle. Karin
grew-up from Heseg Foundation (fund of lone soldiers with
criteria of excellence and leadership). Karin established and
managing JettaPlus during last 2 years. Fluent in Hebrew and
Russian.
Alexey Zatsepin is CTO and founder at Jetta. Alexey holds B.A.
in Computer Sciences of UC Berkley's, and gained 10 years of
experience in applications development as Fullstack. In the last
5 years specializes in providing technical response (at level of
CTO) associated with Web development (SaaS & PaaS).
Currently serves as the company’s CTO. Fluent in Hebrew,
Russian and English.
TEAM
July 2017
21. Parnasa 62 - Tech Fund
Emma Butin is an international award winning entrepreneur, author
teacher and adviser. In 2008 Emma founded Kryon Systems, The
company won world wide numerous awards. Emma holds 3
technology patents and entrepreneur awards, including the Stevie
Award for a Finalist Best Entrepreneur in EMEA. Today Emma is an
blogger, international speaker and teaches at the IDC. Emma holds
a BBA, a JD and is fluent in Hebrew, English and Russian.
Prof. Israel (Izzy) Borovich , advisory Over 20 years of
experience in Aviation and Transportation. Former Chairman of
the Board at EL AL, President and CEO at Arkia. Experienced
lecturer and mentor in the aviation and transpiration industries
worldwide. Fluent in Hebrew and English.
TEAM
July 2017
22. ADVISORY BOARD
Over 20 years of experience in
Aviation andTransportation.
Former Chairman of the Board
at ELAL, President and CEO at
Arkia.
Commercial Strategy
Consultant - Aviation & Travel.
Network Growth Manager at
EasyJet and Jet2.
Senior Consultant at Sabre.
Stuart BarwoodProf.Israel( Izzy) Borovich Cobi Bitton
Over 25 years of experience in
counseling businesses. He was one of
the entrepreneurs and founders of the
SEC & serves as the CEO of Israel -
Greece Chamber of Commerce.
Parnasa 62 - Tech Fund
July 2017
23. PARNASA 62 – Tech Fund
An Israeli company managed by Parnasa Nihul Basad Ltd, seeking to raise $3.496 million in
equity capitalization.
The Company’s investment objective is to generate superior long-term capital appreciation
through private equity investments in early-stage private companies primarily based in the
United States and Israel.
The Investment Manager is controlled by Eliezer Gross who holds a controlling interest of
management shares of the Company. The Investment Manager will be responsible for the
Company’s investment strategy and the management of the Company. He will perform all
day-to-day investment and asset management functions for the Company, subject to the
supervision and direction of the Company’s Board of Directors.
The Company has been formed to make seed and early-stage investments in the common
stock and preferred stock of start-up technology ventures located in Israel.
Parnasa 62 - Tech Fund
July 2017
24. FUND STRUCTURE
FUND LIFE(TERM) The Company’s existence is perpetual and therefore dissolution
and/or distribution of all or part of the Company’s assets are not
expected at any time in thefuture.
MINIMUM PURCHASE 6000 shares = $16,994.
OFFERING &EXPENSES Fund will bear all costs and expenses
EXPENSE RESERVE Investor shall be charged 6% as Expense Reserve
TAXATION The Company is being treated as a corporation under the Israeli tax
laws.
FISCAL YEAR END December 31
CARRIED INTEREST 25%
Parnasa 62 - Tech Fund
July 2017
25. The Company intends to invest substantially all of the proceeds of the sale of Shares offered in the
existing portfolio.
In addition, the Company may invest (or reinvest proceeds of exited investments) in one or more other
start-up technology ventures fromtime to time subject to the availability of resources.
The Company intends to have multiple closings so that any money that comes in can immediately be
used by the Company even if it is belowthe total amount of capital sought to be raised pursuant to the
official offering.
Investment Strategy
Parnasa 62 - Tech Fund
June 2017
26. Eliezer Gross,
Founder and Chairman
MANAGEMENT TEAM
Parnasa 62 - Tech Fund
With over 30 years of experience launching business ventures in
Israel, the United States, and Europe. He was a founding
partner of the American GBM Group, and of the largest retail
chains in Israel. Active in dozens of start-up initiatives and
companies worldwide, he knows the U.S market inside and out
and has been influential in developing many new products.
His keen business acumen has led him through the doors of
dozens of leading companies – primarily from the Fortune 100
including: Johnson & Johnson Corporation, CBS Studios,
Goodyear Tires, et al.
July 2017
27. Cobi Bitton
CEO, Besadno Group
Mr. Bitton is an entrepreneur, organizational consultant, and expert in
business development and the study of entrepreneurial business
models. He holds a Bachelor's degree in Industrial and Management,
an MBA and is highly knowledgeable about conventional industrial
production, environmental issues, and safety and security products.
He was one of the entrepreneurs and founders of the SEC (Safe
Evacuation Coalition) - an advocacy group formed by companies, and
dedicated to promoting advanced emergency means of egress
solutions in the global market.
He has been counseling businesses, entrepreneurs, startups and
corporations for the past 25 years, empowering clients in the American,
Eastern and Central European, Latin, Russian, and East Asian markets,
among other locations. Cobi serves as the CEO of Israel - Greece
Chamber of Commerce, voluntarily.
Parnasa 62 - Tech Fund
MANAGEMENT TEAM
July 2017
28. Gabby Hasson
CEO, Bseed Investments
Gabby is the CEO and Co-Founder of Bseed Investments, with
over 25 years of proven experience in the Investment, IT and
cutting-edge technology space in navigating and uncovering
opportunities for excellent growth and profitability.
Previously, Gabby held management, Investment, and business
development positions, at CB Alliance (VC), IBM, and HP, as
well as Mashik Consulting and CTI. He specialized in
uncovering and enhancing solutions for Mobile Telecom,
Banking, and Online Marketing. Gabby gained vast experience
with IBM's Global Technology Unit (GTU), that focused on
startups and innovations.
Parnasa 62 - Tech Fund
MANAGEMENT TEAM
July 2017
29. Mr. Eliashiv (LLB) is the Head of Development in the
Besadno Group. Oded has vast experience in the Israeli
startup industry, having led numerous ventures in leading
companies including Excellence Capital Group (Singapore),
Excellence AgriTech Solutions (Cambodia), Slyde,
ElectroPep, Beyond Interactive and Epos Technologies.
Using his extensive experience in the startup ecosystem,
Oded is now advising early-stage startups and providing
them with the mentoring and fundraising assistance.
Oded Eliashiv
Head of Development,
Besadno Group
Parnasa 62 - Tech Fund
July 2017
MANAGEMENT TEAM