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The company informed that Yogeesh has a deep understanding of the travel and hospitality industry, having worked across commercial teams of leading hotel brands.
In his new role, Yogeesh will oversee RateGain's strategic planning, business development, and corporate strategy initiatives. He will work closely with the executive team to identify and pursue new opportunities, optimize existing business lines, and shape the future direction of the company.
RateGain Travel Technologies is a global provider of SaaS solutions for travel and hospitality that works with 2800+ customers and 700+ partners in 100+ countries. The company is one of the world's largest processors of electronic transactions, price points, and travel intent data helping revenue management, distribution, and marketing teams across hotels, airlines, meta-search companies, package providers, car rentals, travel management companies, cruises, and ferries drive better outcomes for their business. RateGain works with Top 23 of 30 Hotel Chains, Top 25 of 30 Online Travel Agents, and all the top car rentals.
The company reported a net profit of RS 13.23 crore in Q3 FY23, steeply higher than Rs 0.09 crore recorded in Q3 FY22. Revenue from operations jumped 39.7% to Rs 138.28 crore in Q3 FY23 as compared with Rs 99 crore in Q3 FY22.
Shares of RateGain Travel Technologies rose 0.74% to Rs 352.75 on Thursday, 27 April 2023.
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