About the Company:

Rate Gain travel technologies are among the leading distribution technology companies globally and are the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. The firm 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.

The technology firm serves a large and rapidly growing total addressable market. Third-party travel and hospitality technology is estimated to be a US$ 5.91 billion market in 2021 growing to an estimated U$ 11.47 billion in 2025 at a CAGR of 18%.

Rain Gate offers a platform that bridges the data gap across the hospitality and travel industry. The firm also provides inter-operable products that leverage data across internal and external sources, unlock value through integration, and enable better, faster and automated decision-making. Rain Gate's solutions help hospitality and travel and companies find the right guest, decide the right price, distribute it to the preferred channel of the guest, and once converted, help them have an exceptional experience.

As of June 30, 2021, the firm serves over 1,400 customers including eight Global Fortune 500 companies. The customer's list of the firm includes Six Continents Hotels, Inc., an InterContinental Hotels Group Company, Kessler Collection, a luxury hotel chain, Lemon Tree Hotels Limited, and Oyo Hotels, and Homes Private Limited. The company also counts 1,186 large and mid-size hotel chains, 104 travel partners including airlines, car rental companies, and large cruise companies, and over 144 distribution partners including OTAs such as Groupon and distribution companies such as Sabre GLBL Inc., in over 110 countries, as of June 30, 2021.

Outstanding Litigation: