How Indian Travel Tech Bought Its Way Into the West’s Backyard

Key Points

• Indian travel tech companies have spent nearly $1 billion on acquisitions in the U.S., Europe, and the Middle East since late 2024, signaling rapid global expansion.
• Key players like Prism (Oyo), RateGain, TBO Tek, and Ixigo are executing major deals across B2B infrastructure, hospitality, OTAs, and corporate travel, often targeting assets that benefit from their technological and operational strengths.
• This acquisition wave is enabled by strong balance sheets, public-market capital, and a strategic focus on assets resilient to AI disruptions, with Indian firms now owning critical parts of the Western travel tech stack.

Summary

Indian travel tech companies have rapidly accelerated their global expansion through nearly $1 billion in acquisitions across the U.S., Europe, and the Middle East since late 2024. Leading firms like Prism (formerly Oyo), RateGain, TBO Tek, and Ixigo are reshaping the industry by buying Western travel technology and hospitality assets, leveraging superior technology and operational discipline. This surge is powered by robust balance sheets, IPOs, and a strategic understanding of which assets retain value as AI transforms travel distribution, positioning India as a dominant force in the Western travel tech landscape.