RateGain
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Private limited company | |
Industry |
Internet Computer software Software as a service Cloud computing |
Founder |
Bhanu Chopra [1] |
Headquarters | B-15, Sector 57, Noida, Uttar Pradesh - 201301[2], India |
Area served | Worldwide |
Key people |
Bhanu Chopra (Founder and CEO) |
Products | RateGain Product & Services |
Revenue | US$12 million[1](2009) |
Number of employees | Over 500[2] |
Website |
www |
RateGain Travel Technologies Pvt. Ltd., simply known as RateGain, is software solution provider headquartered in Noida, India with offices in UK, US, Turkey, Spain, UAE, Thailand, South Africa and Japan.[3] It was started by entrepreneur Bhanu Chopra.[1] It specializes in providing Software as a service (SaaS) solutions to the hospitality and travel industry. Its current focus areas are solutions for hoteliers, travel websites, airlines and corporate travel segments.[4]
History
RateGain was founded in 2004.[1] by founder and current CEO, Bhanu Chopra. Chopra identified the business need of providing price comparison products for travel websites to benchmark their product offering versus their competitors.[1] Started with just a hundred thousand dollars,[5] it recorded a growth of 2,641%[6] in first 3 years of its operations and was valued at over $40 million[5] in 2009. TA Associates, a leading global growth private equity firm, has recently announced investment in RateGain. The young RateGain brigade joined hands for a FlashMob Dance to promote the use of SwachchBin on Raahgiri Day, New Delhi. To transform RateGain into a learning organization and encourage a culture of continual learning among employees, the company has recently launched a training and development initiative called 'RateGain Lighthouse' that symbolizes strength, guidance, and direction. Various in-house training sessions on knowledge-building and skills & process are regularly conducted.
Products & services
RateGain is primarily a product based company specializing in software as a service as the delivery model for its products.[1] Its various products are primarily geared towards serving the hospitality and travel industry participants in a B2B model.[1] Products of Rategain can be broadly classified into two target segments[7] - 'for hotel industry' and 'for travel industry'.
Hotel industry
RateGain offers the following products for the hotel industry:[3]
RezGain
RezGain is RateGain's product providing Online Channel Management for distribution of availability and rates of hotel rooms to online distribution channels like OTAs and other websites.[8]
Optima
PriceGain (Hotels) is a tool which provides advance rate intelligence for its customer hoteliers for maintaining competitiveness and optimizing revenues.[9] It allows its customers to monitor competitor pricing and trendsetters in the market space they operate in.[10][11]
BrandGain
BrandGain is RateGain's product for Guest Satisfaction & Online Reputation Management.[12][13]
Travel industry
RateGain also offers products for the travel sector:
PG OTA 2.0
PG OTA 2.0 offers competitive price intelligence for OTAs, tour operations, airlines, cruise lines and car rental companies.[14]
PriceGain(Air)
This product is specifically geared towards monitoring competitor pricing strategies for the airlines.[15]
PriceGain(Audit)
PriceGain (Audit) helps travel managers and corporate travelers optimize their corporate travel expenditure.[16]
Awards & recognition
- CIO Review Magazine has listed RateGain among the top 20 most promising Business Intelligence companies of 2015.
- RateGain ranks among the Top 30 most valuable Indian B2B software product companies in 2014.
- RateGain was voted 'Most Promising Small Enterprise Of The Year' in Emerging India Awards 2009.[5][17][18][19]
- RateGain won the Red Herring 100 Asia 2009 award.[20]
- RateGain has ranked 1st in the year 2007[6] and 2nd in 2008[21] for Deloitte's Technology Fast 50 India Program List.[22] In the year 2009, it was placed at 23rd position with 217% growth[23] and 33rd in the year 2010[24] with a projected growth rate of 117%.
See also
- Competitive intelligence
- Customer Satisfaction
- Hospitality
- Revenue Management
- Pricing strategies
- Airline Yield Management
- Yield management
References
- 1 2 3 4 5 6 7 Kumar, Vikas (21 August 2009). "Bhanu Chopra helps B2B clients gain from comparison shopping". The Economic Times. Retrieved 8 August 2011.
- 1 2 "Companies > RateGain". Retrieved 7 August 2011.
- 1 2 "RateGain - Who we Are". Retrieved 7 August 2011.
- ↑ "RateGain Official Website". Retrieved 7 August 2011.
- 1 2 3 "Bhanu Chopra, CEO, RateGain, CNBC Enterprise of the Year". CNBC TV 18. Retrieved 8 August 2011.
- 1 2 "Deloitte Technology Fast50 India 2007 Stellar performers" (PDF). Retrieved 8 August 2011.
- ↑ "RateGain Product List". Retrieved 8 August 2011.
- ↑ "RezGain". Retrieved 8 August 2011.
- ↑ Shukla, Aliesha (16 July 2011). "Preferred Hotel Group™ Selects RateGain to power Rate Intelligence Solution for its Member Hotels". Retrieved 8 August 2011.
- ↑ "PriceGain | RateShopping for Hotels". Retrieved 8 August 2011.
- ↑ "RateGain assures hotel industry that its leading rate intelligence solution is here to stay". India PRwire. 27 July 2011. Retrieved 8 August 2011.
- ↑ Butler, Philip. "RateGain Unveils Travel Branding Tool at HITEC 2011". Travel News from Agrophilia. Retrieved 8 August 2011.
- ↑ "BrandGain". Retrieved 8 August 2011.
- ↑ "Net Reports". Retrieved 9 August 2011.
- ↑ "Price Gain (Air)". Retrieved 9 August 2011.
- ↑ "PriceGain Audit".
- ↑ "Emerging India Highlights (2008-2009)". Retrieved 9 August 2011.
- ↑ "Bhanu Chopra, CEO, RateGain, CNBC Enterprise of the Year". 26 May 2010. Retrieved 9 August 2011.
- ↑ "RateGain's Expansion Plans". Retrieved 9 August 2011.
- ↑ "RateGain bags the Red Herring 100 Asia 2009 award". 24 Nov 2009. Retrieved 9 August 2011.
- ↑ "Deloitte Technology Fast50 India 2008" (PDF). Retrieved 8 August 2011.
- ↑ "RateGain Ranked 2nd in Deloitte's Technology Fast 50 India Program List". eTravel Blackboard Asia. 11 December 2009. Retrieved 8 August 2011.
- ↑ "Deloitte Technology Fast50 India 2009" (PDF). Retrieved 8 August 2011.
- ↑ "Deloitte Technology Fast 50 India" (PDF). Retrieved 8 August 2011.