Everything Bhanu Chopra said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Chopra: Foundation LLMs Are Infrastructure Partners, Not Vertical SaaS Competitors
“The reason I'm not worried is I do see us partnering up with these companies because I do feel like these are more in the AI world, the infrastructure companies, and we will be utilizing This infrastructure to build, you know, applications or wrappers on top.”
RateGain and Sojern's combined revenue exceeds $310M with $50M EBITDA
“Combined revenues of the company will be over three hundred and ten million. Combined EBITDA is fifty million. This is without any synergies”
Chopra: India may reach only a dozen listed SaaS companies by 2027
“Even if you look at the pipeline in the next two years, we may get to maybe a dozen that are listed and in the U S in comparison, there are hundreds of them.”
Chopra: RateGain gets novelty valuation premium due to scarce Indian SaaS listings
“The opportunity to invest in enterprise software and SAS is far limited. And so we do get some novelty value as a result of that.”
Chopra: Employee attrition in hospitality exceeds 100%
“One of the big challenges in hospitality today is attrition. It runs over a hundred percent.”
Chopra: Reaching $1B in revenue is very much possible for RateGain
“That's why, you know, the dream of getting to a billion in revenue is very You know, very, very much possible.”
Chopra: Hospitality Tech Adoption Reaches Only 10% of Available Innovation
“A lot of technology and innovation and capability is there, but the adoption is far from it. And the adoption is maybe 10% of what is available. And the reason for that is the fragmentation nature of the tech ecosystem. And I don't think that will be overcome …”
Chopra: Indian luxury hotel room rates now match international markets
“And if you look at the average daily rate at a four to five star in India, it's quite comparable now to international markets.
So given the fact that they are earning more, there is more ability to spend more here as well on software.”
Major hotel chains are planning to double their supply in India
“So there's a lot of activity in Middle East and APAC in terms of new developments. And as I was saying to you this last conference, I went, everybody's talking about doubling their supply in India, especially.”
Inbound US travel slows as APAC travel demand booms
“Demand domestically in the US is I would say static, but internationally, there has been a slowdown in terms of traffic into the US because of this whole tariff situation, et cetera. Europe is, again, holding steady and again, even from a demand perspective, i…”
Chopra: Consumer AI Agents Will Disrupt Travel Purchasing and Business Models
“I strongly believe AI is going to gonna have a huge impact on how travel is purchased , ah, especially with consumer AI agents, and a lot of business models will get disrupted.”
Chopra: RateGain completed its IPO in a record six months
“And somehow I convinced him and a week later we signed up merchant bankers. And I think it was a record time in six months we actually listed the company.”
RateGain's strategic vision is to become the Shopify for hotels
“And our overall vision is To become the Shopify for hotels where we allow them to do guest acquisition, guest retention and engagement, and guest wallet share expansion.”
Chopra: Most of RateGain's revenue still originates from the US
“Even till date, most of our revenue comes from the US”
RateGain builds AI agents for machine-to-machine booking and hotel call handling
“So we have built an AI agent also. So the AI agent works in two ways. One, it can speak with consumer AI agents. So let's say you are using an AI agent and you trust the AI agent to make all the bookings. It can actually go and talk to our hotel's AI agent and…”
Chopra: RateGain captures 4% of its $7.5B addressable market
“So currently we only serve a subset of that TAM, which is about seven and a half billion in these lines of businesses that we have, which are DAS distribution and MarTech.
So on seven and a half billion, we are doing like three hundred million.
So what is it…”
Hotel supply growth plateaued in the US but is booming in APAC
“When we talk about supply, which is building out more tourist attractions and more hotels, so clearly that in, in the US, Has stabilized. So there isn't net new growth in supply as much. And it's actually slowed down a little bit in Europe. It's kind of simila…”