Rategain Travel Technologies Ltd Company Summary

Rategain Travel Technologies Ltd Summary

Rategain Travel Technologies Limited was originally incorporated at New Delhi as Ridaan Real Estate Private Limited pursuant to a Certificate of Incorporation dated November 16, 2012 . Pursuant to the Scheme of Arrangement for Demerger in November 2014, Company acquired the business of providing web-based solution to hospitality and travel sector of Rategain IT Solutions Private Limited. Subsequently, the Companys name was changed to Rategain Travel Technologies Private Limited on February 25, 2015. Thereafter, its status was converted into a Public Company and name was changed to Rategain Travel Technologies Limited on July 27, 2021. Rategain Travel Technologies is an Information Technology company providing innovative solutions to help clients in the hospitality and travel industry. It offers travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. It works as one of the largest aggregators of data points in the world for hospitality and travel sector.On 04 December 2014, pursuant to the Scheme of Arrangement and Demerger, the Company allotted 502,500 Equity Shares to Bhanu Chopra, 127,500 Equity Shares to Megha Chopra and 15,000 Equity Shares to Usha Chopra.The Company launched a new real-time rate intelligence product for hotels and further expanded relationship with leadingOTAs and Large Hotel Chains in 2016-17. In December 2021, the Company made an Initial Public Offering of 31,441,282 Equity Shares by raising fund from public aggregating to Rs 1335.73 Crore comprising a Fresh Issue of 8,835,752 Equity Shares aggregating Rs 375 Crore and an Offer for Sale of 22,605,530 Equity Shares aggregating to Rs 960.73 Crore. In 2021, the Company launched industrys first AI-powered forecast solution using forward looking data - Demand AI, Rev.AI. It acquired MyHotelShop in September 2021, which has expertise in reporting, bid management and campaign management for metasearch publishers and OTAs. In 2022, the Company launched an automated AI-powered pricing recommendation platform and a demand forecasting solution that provides forward-looking data to predict future demand at the city level, making it simpler for hotels, car rentals, and ferries to plan their demand and pricing strategy.The Company Introduced RateHub, a meta distribution platform to help hotels distribute data to meta-search engines and drive traffic to the booking engine, increasing visibility and bookings in FY 2023.In FY 2025, Company launched Demand Booster, an AI-powered digital marketing solution under RevMax (Uno), enabling hotels to drive direct bookings and improve Return on Ad Spend (RoAS). It enhanced Adara with advanced measurement capabilities and precision targeting through enriched travel audience segmentation. It improved the Metasearch Marketing solution to enhance value for hotels seeking visibility on platforms like Google and TripAdvisor.