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

In the past 18 months, Indian travel tech companies have deployed close to $1 billion on acquisitions — likely more if undisclosed deal terms are included — and the pace is accelerating. Deals are getting bigger, and ambitions have moved far beyond India’s borders: acquisitions now span the U.S., Europe, and the Middle East.

This isn’t one story. It’s at least four stories happening simultaneously, all pointing in the same direction: the emergence of India as a net exporter of travel technology and hospitality capital into the West’s own backyard.

The Deal Tracker

Here’s what’s happened since late 2024 and the sheer volume of deals tells its own story. The table below shows over $940 million in disclosed value — led by Prism’s Motel 6 deal and RateGain’s Sojern purchase.

The table doesn’t include Prism’s organic European expansion, or the capital formation powering it all: Prosus investing $146 million in Ixigo for a 15% stake; Prism fili