SaaS Company RateGain’s Q2 Profit Rises 47% YoY To ₹75 Cr
RateGain's Q2 FY27 consolidated net profit reached ₹74.7 Cr, up 46.5% year-over-year from ₹51 Cr, while operating revenue surged 152.6% to ₹745.4 Cr following the November acquisition of Sojern for $250 Mn. The Sojern integration expanded RateGain's travel marketing presence among destination marketing organisations and hotels. The company financed the acquisition with a $125 Mn debt facility from HSBC and Citibank backed by the Indian parent.
Key points
- Net profit rose 46.5% YoY to ₹74.7 Cr in Q2 FY27
- Operating revenue jumped 152.6% YoY to ₹745.4 Cr driven by Sojern consolidation
- $250 Mn Sojern acquisition funded by $125 Mn debt facility from HSBC and Citibank
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Inc42 did the reporting; read the original for the full story.
Read the full story at Inc42
