Skydeals

Skydeals provides innovative inflight retail solutions, enhancing the passenger experience with unique shopping options during air travel. Its offerings include exclusive deals and interactive shopping features that engage travelers. Skydeals, founded in 2017 and headquartered in Paris, France, specializes in inflight retail solutions. The company was established by Celine Braems and is currently led by CEO Julien Sivan.

Skydeals has successfully conducted one deal, raising EUR 0. 277 mn in a venture financing round in March 2018, which accounts for the total amount raised and current valuation of EUR 2. 314 mn. Skydeals specializes in innovative inflight retail solutions designed to enhance the passenger experience during air travel.

The company’s core product offerings include exclusive deals, flash sales, and personalized shopping experiences, all accessible to passengers while in-flight. Notably, Skydeals introduces features such as 'Flying Auctions' and 'Group Buying,' which foster social interaction among travelers and create a dynamic shopping environment. These services aim to address the declining traditional inflight retail model by offering a unique blend of entertainment and commerce, ultimately enhancing customer satisfaction and engagement. The company primarily targets airlines as its clientele, servicing multiple geographical markets including North America, Europe, and Asia, facilitating a diverse range of products and services exclusively available during flights.

Skydeals generates revenue through a business-to-business (B2B) model that involves partnerships with airlines, allowing airlines to offer curated product selections to their passengers. Revenue is derived from transactional sales made during flights, where passengers can purchase items through the Skydeals platform, with products delivered directly to their homes post-flight. The transaction structure typically involves airlines integrating Skydeals' offerings into their inflight services, enabling seamless access for passengers. Specific pricing plans for products and services are tailored to each airline partnership, with revenue sharing arrangements established based on sales generated per flight.

This strategic approach ensures that both Skydeals and its airline partners benefit from increased sales while enhancing the inflight experience for travelers. Skydeals plans to enhance its product offerings with new features aimed at improving passenger engagement, with anticipated launches following its recent funding round in March 2018, where the company raised EUR 0. 277 mn. The company is also targeting expansion into new markets, with plans to enter additional regions in Europe and Asia by the end of 2023.

The recent funding will support these initiatives, enabling the company to develop and market innovative inflight solutions while extending its reach to more airline partners.