RateGain Travel Tech IPO - Leading Global SaaS Player In Hospitality, Travel Sector: Prabhudas Lilladher
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Prabhudas Lilladher's IPO Report
RateGain Travel Technologies Ltd. is among leading distribution technology companies globally in travel and hospitality industry. In highly fragmented market, the company is well positioned to capture wallet share given-
its comprehensive, inter-operable, innovative industry specific solutions and
marquee client base.
Rising adoption of technology in travel and hospitality industry and increasing demand for third-party technology vendors due to Covid-19 is likely to double serviceable market to $8.45 billion in CY25E for RateGain Travel Technologies.
Revenue decreased by 37% in FY21, impacted by Covid-19. Signs of recovery in travel and hospitality industry are visible as number of active customers for RateGain grew by robust 9% in H1 FY22 versus FY21.
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