New Acquisition

RateGain Travel Technologies Limited – a global provider of SaaS (Software as a Service) solutions for travel and hospitality, today in its BSE filling has said that the company has entered into a definitive agreement to acquire Adara Inc. (US based one of the world’s largest data exchange platforms, providing access to ethically sourced customer data) through an asset purchase agreement.

The asset purchase transaction will be carried out for cash consideration of about INR 132.4 Cr (does not involve any share acquisition), the BSE filing said.

The Management has said that the acquisition will help RateGain to access the most-comprehensive travel-intent, pricing, and inventory data to achieve higher ROI.

The Management also stated that the acquisition will also strengthen and consolidate RateGain’s position across commercial teams in leading airlines, car rental companies, and hotel chains which work with both Adara and RateGain as well as give access to a niche segment of 50 plus Destination Marketing Organizations in the USA.

Chairman and Founder Speech –

Commenting on the acquisition Bhanu Chopra said, “We are delighted to welcome the Adara team to the RateGain family.

Adara’s key differentiator is its access to permissioned travel-intent data from the world’s top travel and hospitality players as well as destination marketing organizations and relying less on traditional methods of tracking consumer intent.

Their focus on innovation and delivering customer excellence has me convinced that together we will help the industry with reliable end-to-end intent and real-time pricing insights making it simpler for them to identify guests, acquire and retain them”

The share ended at INR 297 (up 1.90%) on the NSE when market closed.

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6 Dec 2021

RateGain Travel Technologies Limited – one of the leading distribution technology companies globally and the largest (SaaS) “Software as a Service” provider in the hospitality and travel industry in India is planning to raise INR 1336 Cr via IPO (375 Cr Fresh Issue + 961 Cr OFS)

RateGain Travel Technologies: Profile

RateGain Travel Technologies Limited began its operations in the year 2004 with the introduction of a competitive intelligence price comparison product for hotels and over the last 15 years, the company has expanded its product portfolio to include artificial intelligence (AI) and machine learning (MI) capabilities that leverage its in-house data lake to offer products in the areas of –

(1) rate intelligence,

(2) cognitive revenue management,

(3) smart distribution, and

(4) brand engagement.

The Company offers hospitality and travel services across different verticals like airlines, car rentals, cruises, hotels, meta-search companies, online travel agents, package providers, and ferries.

RateGain Travel Technologies: Business

The Company delivers hospitality and travel technology solutions mainly through 3 business units –

1. Data as a Service (DaaS),
2. Distribution, and
3. Marketing Technology (MarTech)

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Company Client List

As of now, the company serves over 1400 plus clients including eight Global Fortune 500 Companies.

InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, Six Continents Hotels, and Homes Private Limited are some of the marquee clients served by the company.

Company Promoters:

Bhanu Chopra, and

Megha Chopra

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

CONCLUSION

Considering company’s valuation, financial parameters, and the sector potential, FinBlab recommends Subscribe with Caution ratings on RateGain Travel Technologies Limited IPO

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