SaaS Provider RateGain Raises First Round of Funding

rategain 1Noida based SaaS provider RateGain, which caters mainly to hospitality and tourism & travel technology, has raised its first round of funding from US based private equity firm TA Associates.  The funds raised will be used to expand operations overseas, develop products and acquire firms that have built solutions for travel and hospitality industry.
RateGain was founded in 2004 by Chicago based entrepreneur Bhanu Chopra and currently claims to cater to 120 countries worldwide. The firm provides services for revenue management decision support, rate intelligence, electronic distribution and brand engagement.
RateGain’s clients include independent hotels, chains and brands, e-retail clients like online travel agents, wholesalers, tour operators, car-rentals, airlines and cruise lines.

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