Welcome Guest

Businessex.Com
Home News RateGain raises Series A funding from TA Associates

RateGain raises Series A funding from TA Associates

Tags: RateGain, TA Associates, Asia-Pacific, technology companies

January 15, 2015 | COMMENTS ( 0 )

RateGain raises Series A funding from TA Associates

India's leading hospitality and travel technology provider RateGain announced that it has raised an undisclosed amount in its first round of funding from US-based private equity firm TA Associates. The funds will be used for ramp up its presence across the globe and also fuel its inorganic growth.

RateGain has been bootstrapped by Bhanu Chopra who started the firm when he returned from the US in 2004. Very soon RateGain topped the Deloitte list of fastest 50 technology companies from India in 2007 as well as ranking 16 on the fastest 500 Asia-Pacific. Today, RateGain has client-facing offices in the US, Spain and the UK.

"This deal is a huge validation for us and the idea that I conceived about a decade ago. We are poised for interesting times ahead and the funding comes at a time when we are looking for the next stage of growth. This will be in the form of operating in new geographies and also acquiring companies that can complement our business. TA Associates brings a wealth of experience in dealing with technology companies and will be a valuable partner in helping us reach our goals," said Bhanu Chopra, Founder and CEO, RateGain.

With the deal RateGain becomes one of the most valuable software companies in the country and a step close to a listing on the bourses next year.

Founded in 1968, TA Associates is one of the oldest and largest growth private equity firms in the world. It has invested in over 440 companies and has raised $18 billion since inception. RateGain will stand to benefit from the firm's decades of experience in providing strategic guidance, global insight, M&A support, and also from its significant network of contacts.

RateGain has a customer base of over 5,000 clients spread across 120 countries.

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....