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Travel will be the next sectoral theme;  Expect 25% growth in 4 to 5 years: Rategain Travel

RateGain Travel Technologies is fast becoming the first SaaS or Software as a Service company to be listed on the Indian Stock Exchanges.

The Noida-based travel and hospitality startup had filed its draft red herring prospectus (DRHP) in August 2021. Its offer includes a new issue valued at up to Rs 400 crore and a sale offer (OFS) of up to 2.26 crore of shares.

In an interview with CNBC-TV18, Bhanu Chopra, CMD of RateGain Travel, said that travel will be the industry theme for the next 4-5 years.

“There is a huge pent-up demand for travel. I think at least for the next 4-5 years, travel is going to be the next big industry theme. Travel has actually become a necessity and we believe that at RateGain we are uniquely positioned to seize this opportunity as we have doubled our innovation. “

He expects the travel industry to grow 25% over the next 4-5 years.

The World Health Organization (WHO) on Friday warned countries against the hasty imposition of travel restrictions linked to the new B.1.1.529 variant of COVID19, saying they should take a “scientific approach and risk-based “.

Meanwhile, according to a Reuters report, the European Commission has proposed that EU countries suspend travel links with countries in which the new variant of the coronavirus called B.1.1.529 has been found.

Watch the video to learn more.

First publication: STI


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