Thread by @MadAboutStocks_

A Deep-Dive Thread on #RateGain 🧵🧵. Let's go!

Have you heard about the movie - The Bucket List?  Jack Nicholson & Morgan Freeman portray the amazing story of two travelers in their final years, The main plot follows two terminally ill men on their road trip

with a wish list of things to do before they finally say goodbye to the world. No, this thread isn't about that movie, but decoding a company that's enabling the world's incessant desire to TRAVEL, especially that's in Turbo mode after the world being locked up for 2 years...

Hotels are striving hard to optimize costs, improve RoI and reduce the CAC (customer acquisition cost) by generating direct revenue through metasearch platforms, RateGain finds itself in a sweet spot - with its Tech stack offering.
#Vision

#AI & #ML at the core to help RG's customers acquire guests, retain them and expand on their wallet share.

MACRO Perspective on the Travel Tech Industry.
#Macro

Notes from the #IPO. Remember #OMICRON was prevalent when it came to IPO, in spite of 17 Times Subscription, it was listed at a Discount.

To me what struck was -The promoter had diluted just 10% during the IPO, bringing his stake from 65% to 55%. Still retaining #SkinInTheGame

Let's understand their Business: It has 3 Major verticals, and 10+ products across these Verticals.
-MarTech
-Distribution
-DaaS
Note they have been on an Acquisition spree, thus expanding their offerings over the last few years.
#Verticals

MarTech is slated to become 50% of Revenue soon. As of #Q1FY23, it contributes 41% of Revenue.

#MARTECH

Distribution & DaaS has also seen good traction . Its the combination of these 3 Services , that's a MOAT hard to beat .

#DaaS #distribution

#EXPEDIA has been a client for the last 17 Yrs!

Yes there are risks involved in this 3000 Cr. company.

#RISKS

Q1 which is traditionally weak did see some dip, but the aggressive growth trajectory of 30% continues... do check the last point on Margins :)

#Q1FY23 #GrowthMode #RateGain

Ending the thread with these words from the FOUNDER - BHANU CHOPRA.
Disc-I invested yesterday at 300levels and sharing my thought process just for education purpose, please do not treat this as a Recommendation.

If you like what you read, do consider Following Me #MadAboutStocks

@RateGain congratulations for cracking the #AirIndia deal yesterday !!

Lastly some of the reasons i bought.

The last point is a classic #ANCHORING Bias, I would give very little weightage to the PRICE, and hence it's the last point.

Trivia - Bhanu Chopra has a Double degree in Comp. Science & Finance( What a combo !) from Indiana University.