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With 3 out of 4 acquisitions based in the US, RateGain is certainly looking to gain scale and dominance in the US market.
Peden Doma Butia
India-based travel tech company RateGain Travel Technologies announced Tuesday that it will acquire Adara, a Silicon Valley-based company in the field of predictive consumer intelligence.
Through this acquisition, RateGain aims to build the most comprehensive travel objectives and data platform powered by artificial intelligence, the company said in a statement.
The company has not disclosed details of the acquisition, which will come through an asset purchase agreement, but RateGain said in previous earnings calls that it would allocate about $10 million for mergers and acquisitions.
