RateGain Q1 PAT Almost Triples YoY To INR 24.9 Cr On Robust Travel Demand

Quick Summary:

Traveltech SaaS startup RateGain’s profit after tax (PAT) almost tripled to INR 24.

The company’s annual recurring revenue grew to an all-time high of INR 857.9 Cr during the period under review, it claimed.

On the expenses side, the startup’s total expenditure jumped 62.3% YoY and 16.3% QoQ to INR 118.3 Cr in the quarter under review.

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Article Details

Author / Journalist: Tapanjana Rudra

Category: StartupsBusiness

Markets: India

Topics: B2B News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-08-07 @ 10:41:04 (4 months ago)

News Timezone: GMT +5:00

News Source URL: inc42.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 13049049

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About Inc42

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Official Website: inc42.com

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