M&A
IPO-bound travel solutions provider RateGain to buy German co myhotelshop
IPO-bound RateGain Travel Technologies Ltd, a provider of SaaS solutions for travel and hospitality sectors, is to acquire myhotelshop, a German company that helps hotels boost their business in the post-covid world. Established in 2012, the Leipzig-headquartered myhotelshop provides solutions aimed at increasing direct sales and developing a profitable distribution channel to hotels. myhotelshop offers a reporting, bid management and campaign intelligence platform for metasearch publishers and other travel products that enables hotel suppliers, online travel agents and agency clients to reach more customers at higher returns.
From the Venture Intelligence PE-VC Deal Database: Between Jan-15 and Aug-20, RateGain had raised more than INR 283 crore from TA Associates and Avataar Venture Partners (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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