Bhanu Chopra, founder of a leading SaaS firm, recently acquired a luxurious Delhi bungalow worth Rs 127 crore in Golf Links Road area, making headlines in the business world.
Meet Bhanu Chopra: The Man Behind Delhi’s Priciest Bungalow
In a significant real estate deal, businessman Bhanu Chopra, founder and chairman of the esteemed Software as a Service (SaaS) firm RateGain, has made headlines by purchasing one of Delhi’s most expensive private bungalows. This lavish residence, located in the upscale Golf Links Road area, came with a staggering price tag of Rs 127.5 crore. The property transaction, including a stamp duty of Rs 6.79 crore, was officially registered on February 24.
Bhanu Chopra: A Visionary Entrepreneur
Chopra, an alumnus of Indiana University with a master’s degree in Finance and Computer Science, embarked on his entrepreneurial journey in 2004. Fueled by his extensive travel experiences and a keen eye for market gaps, he founded RateGain as a price comparison website catering to consumers seeking the best rates for flights. Despite initial challenges, Chopra’s strategic pivot towards the B2B segment paved the way for RateGain’s rapid profitability within a year.
RateGain: A Leading Force in Hospitality and Travel Tech
Under Chopra’s leadership, RateGain evolved into a powerhouse in the hospitality and travel sector. Today, the company boasts a market capitalization of Rs 6750 crore and serves major clients, including prominent airlines such as SpiceJet, Indigo, and Singapore Airlines, as well as travel giants like Trivago, Booking, Expedia, and Cleartrip. RateGain’s success story is a testament to Chopra’s entrepreneurial acumen and innovative vision.
A Glimpse into Chopra’s Diverse Ventures
Beyond RateGain, Chopra is an active investor associated with the India Angel Network and serves as a director at RedDoorz, a leading hospitality firm based in Singapore. His strategic investments and business ventures continue to make waves in the corporate landscape.
Bhanu Chopra’s recent acquisition of the opulent bungalow in Delhi not only solidifies his status as a corporate heavyweight but also reflects the success of his innovative ventures. Stay tuned for more updates on this dynamic entrepreneur and his contributions to the business world.