When RateGain went public, it made history as India’s first SaaS listingFounder Bhanu Chopra talks about what went into that call, how investors saw it, and what it revealed about the Indian capital market. He shares how RateGain built its global presence before turning to India, and why he bet big on a $250 million acquisition.Today, travel is changing faster than ever with travellers planning differently, hotels pricing dynamically, and APAC leading the global recovery. Bhanu breaks down how RateGain powers this, from AI that talks directly to hotels and travellers, to India’s hospitality industry that aims to grow 100% every year.Valued at nearly $1Billion with over $120 million in annual revenue, RateGain counts some of the biggest names in travel among its customers including Airbnb, makemytrip, Marriott, Hyatt, IHG, Expedia, and Booking.com. From taking RateGain from zero to IPO and growing revenue tenfold in a decade, Bhanu’s journey offers a grounded view of what it takes to build companies that last. This episode is about more than travel or tech, it’s about how India’s next generation of founders can think global.0:00 — Trailer1:00 — How RateGain became India’s first SaaS IPO6:31 — Was India ready for a SaaS IPO?7:31 — The $250M acquisition that cost 25% of market cap10:58 — Why Indian SaaS is listing locally14:48 — Travel is booming in APAC15:34 — RateGain’s business Explained19:09 — AI that talks to consumers and hotels21:00 — Building a billion-dollar company is totally possible23:03 — Why the hotel industry is too complex for LLMs25:40 — $300M of $7.5B TAM26:45 — Indian hotel chains aims to grow at 100%29:39 — Travel trends across the US, Europe and APAC32:25 — How travel behaviour changed after COVID?33:34 — The 0→1, 1→10 and 10→100 journey37:57 — What growth means to Bhanu as a founder-------------India’s talent has built the world’s tech—now it’s time to lead it.This mission goes beyond startups. It’s about shifting the center of gravity in global tech to include the brilliance rising from India.What is Neon Fund?We invest in seed and early-stage founders from India and the diaspora building world-class Enterprise AI companies. We bring capital, conviction, and a community that’s done it before.Subscribe for real founder stories, investor perspectives, economist breakdowns, and a behind-the-scenes look at how we’re doing it all at Neon.-------------Check us out on:Website: https://neon.fund/Instagram: https://www.instagram.com/theneonshoww/LinkedIn: https://www.linkedin.com/company/beneon/Twitter: https://x.com/TheNeonShowwConnect with Siddhartha on:LinkedIn: https://www.linkedin.com/in/siddharthaahluwalia/Twitter: https://x.com/siddharthaa7-------------This video is for informational purposes only. The views expressed are those of the individuals quoted and do not constitute professional advice.Send us a text

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