RateGain is a Delhi NCR-based travel tech startup. The startup expands its employee stock option plan  by allocating 59,904 shares worth Rs 4.5 crore to the employees. This software company offers  business intelligence hotel software for commercial teams in hotels to solve guest engagements, digital  marketing, and more. The stock options under the ESOP scheme offered by the startup have a face  price set at Rs 1 per share. 

RateGain previously announced in its filing that it allotted 23,880 equity shares under the 2015 ESOP  scheme in May after its last major stock option was approved. Meanwhile, the 36,024 equity shares  were allotted under the stock appreciation rights scheme. After this allotment, the paid-up share  capital of the firm will increase to Rs 11.79 crore. The newly allotted ESOPs have a value of around Rs  4.49 crore. RateGain is a travel tech startup that offers SaaS solutions globally for travel and hospitality,  this accelerates the growth of revenue through retention, acquisition, and wallet share expansion. The  startup serves more than 3200 customers and operates in 100 countries. The announcement came  just after Megha and Usha Chopra sold their 3 percent of total shares in March.  

The company earns the majority of its revenue through its subscription-based services including car  rental companies, and Online Travel agents such as make my trip and booking.com. RateGain is the  largest processor of price intelligence, hotel bookings, and customer travel globally. The startup offers  hospitality and travel services in sectors including airlines, hotels, OTA, and meta-search engines. 

RateGain reported a two-time increase in its net profit to Rs 146.39 crore in FY24. The operational  revenue of the firm also increased by 56 percent y-o-y to Rs 255.81 crore in the same duration. Many  tech companies are using ESOPs to recreate their employer brand image as many prefer to join new  startups due to the increase in mass layoffs in the past few months. Some startups such as Paytm,  Delhivery, Nykka, and Policybazzar also announced their plans to expand ESOPs. E-commerce startup  Nykaa already expanded its Employee Stock Option Plan by offering its employees 4.73 lakh equity  shares worth Rs 9.72 crore. 

Conclusion: 

Travel Tech startup RainGain expanded its ESOP by allocating 59,904 shares worth Rs 4.5 crore to the  employees. RateGain previously announced in its filing that it allotted 23,880 equity shares under the  2015 ESOP scheme in May after its last major stock option was approved. Meanwhile, the 36,024  equity shares were allotted under the stock appreciation rights scheme. After this allotment, the paid up share capital of the firm will increase to Rs 11.79 crore. This software company offers business  intelligence hotel software for commercial teams in hotels to solve guest engagements, digital  marketing, and more. This Delhi NCR-based startup offers global SaaS solutions for travel and  hospitality, which helps the growth of revenue through retention, acquisition, and wallet share  expansion. The company earns the majority of its revenue through its subscription-based services  including car rental companies, and Online Travel agents.