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IPO

Travel tech firm RateGain plans Rs.1,200-Cr IPO

Mint  

Travel and hospitality technology services provider RateGain Travel Technologies Pvt Ltd is planning an initial public offering (IPO) to raise INR 1,200 crore, which will be a mix of primary and secondary share sale. It has appointed Kotak Mahindra Capital and IIFL to manage the process. RateGain's services are said to be used by more than 25 out of the top 30 online travel agencies, airlines, hotel chains, and tour operators. In 2015, private equity firm TA Associates had invested USD 50 million in the company, which provides software-as-a-service products.