Vernost

What Vernost does

Vernost is a Mumbai-headquartered B2B technology company that delivers AI-driven Software-with-a-Service (SWAS) platforms to enterprise clients across loyalty, travel, and payments. Founded in 2016, the company operates three core product suites: ClubClass (loyalty and rewards), VeTravel (travel technology), and VePay (payment orchestration), each subdivided into modular components such as accrual rules engines, rewards marketplaces, booking and reservation engines, content amalgamation, white-label payment gateways, payment orchestration, checkout experience, and tokenisation-as-a-service. The platform is cloud-native and API-first, supporting multi-tenancy, multi-currency, and multi-lingual deployments, with sub-500ms API response times and certifications across PCI DSS, SOC 2 Type II, ISO 27001, GDPR, PDPC, and PDPL.

The company's distribution advantage rests on a deeply integrated partner ecosystem: three global distribution systems (Amadeus, Sabre, Travelport), 17 NDC-ready airlines, 40 hotel suppliers covering 1.2 million+ hotel listings, 50+ payment providers, 40+ airline and hotel miles programs, and 5,000+ brand partners in the rewards marketplace. AI capabilities include predictive analytics, recommendation engines, process automation, payment and fare optimization, and generative AI agents for travel booking automation (notably co-developed with AWS). The platform serves 100M+ end consumers and is sold through direct enterprise field sales, white-label partnerships, and API-based integration channels, with offices in Mumbai, Dubai, and Singapore supporting clients across 35+ countries.

Vernost monetizes through a diversified mix of recurring platform licensing, transaction processing fees, white-label deployment licensing, marketplace commissions, and professional services, with enterprise-customized annual contracts. Its client base spans Tier-1 banks (Axis Bank, SBI Card, Emirates NBD, Noor Bank, NMB Bank), airlines (Indigo, Akasa Air, Air India, Jet Privilege/Intermiles, Flydubai), large retailers and consumer platforms (Flipkart, Swiggy, Apparel Group, Choithram's), conglomerates (Tata NEU), hospitality groups (The Leela Hotels, EMAAR Hospitality), and education and technology players (GEMS Education, Google). Notable enterprise outcomes include a 335% transaction volume increase and 235% total spending uplift for the BOUNZ coalition loyalty program, 118K+ members on the GEMS Education rewards platform, and 60% faster bookings through the AWS automation partnership. The company is privately held, with no public listing, no disclosed funding rounds, and founder/management ownership inferred from the absence of investor information.

Name

Vernost

Legal name

Vernost Tech Ventures Pvt. Ltd.

Website

https://vernost.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Short description

Vernost is a Mumbai-headquartered B2B technology company providing AI-driven Software-with-a-Service (SWAS) platforms across loyalty, travel, and payments to enterprise clients in 35+ countries, including airlines, banks, retailers, and conglomerates.

Ownership category

akta.pro rank

Product category

Enterprise Loyalty, Travel, and Payment Technology Platforms

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Travel Deal, Loyalty & Subscription Platforms (BPAMAIAM)

akta.pro secondary industry

Identity, Profiles & Traveler Data Management (SSO, Preferences, GDPR) (THALAGAL)

Keywords

• Loyalty management platform
• Travel technology solutions
• Payment orchestration software
• B2B SaaS platforms
• White-label payment gateway

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Platform Licensing/SaaS: Enterprise software licensing model providing access to loyalty, travel, and payment platforms on a subscription or usage basis. Clients receive access to core platform features including Accrual Rules Engine, Rewards Marketplace, Booking Engines, and Payment Gateway capabilities.
2. Transaction Processing: Revenue generated from transaction processing through payment orchestration, booking reservations, and loyalty point redemptions. Payment orchestration platform optimizes routing and generates fees based on transaction volume.
3. White-Label Deployment: White-label payment gateway and loyalty solutions offered to banks, fintechs, and emerging payment companies. Revenue generated through setup fees and ongoing licensing.
4. Rewards Marketplace Commission: Commission from rewards redemption and marketplace transactions across 1.2 million+ redemption options and 5000+ brand partners.
5. Professional Services: Implementation, customization, and managed services for enterprise clients including program management, integration, and ongoing support.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Vernost provides enterprise-grade Software-with-a-Service (SWAS) platforms across three verticals: ClubClass (AI-driven loyalty suite for accrual, rewards, engagement, analytics, and points exchange), VeTravel (travel technology platform for booking, supplier aggregation, content amalgamation, ancillary revenue, and property distribution), and VePay (white-label payment gateway, orchestration, checkout, and tokenization). The API-first, cloud-native platforms serve enterprise clients in travel, banking, retail, and other industries across 35+ countries.

Product overview

Vernost is an AI-driven B2B technology company offering enterprise-grade Software-with-a-Service (SWAS) with three core platform verticals: ClubClass (Loyalty Suite), VeTravel (Travel Technology Platform), and VePay (Payment Solutions Platform). The platform-plus-modules architecture delivers comprehensive solutions across loyalty, travel, and payments verticals. ClubClass includes modules for Accrual Rules Engine, Rewards Marketplace, Customer Engagement Suite, Analytics & Campaign Management, and Points Exchange. VeTravel encompasses Booking & Reservation Engine, Global Supplier Network, Content Amalgamation Engine, Ancillary Revenue Management, Comprehensive Travel Marketplace, and Property Listing Platform. VePay provides White-label Payment Gateway, Payment Orchestration, Payment Checkout Experience, and Tokenisation-as-a-Service. All platforms operate on cloud-native, API-first architecture with AI-driven personalization, serving clients across 50+ brands in 35+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• ClubClass: Loyalty Suite platform that transforms customer loyalty by engaging shoppers and enhancing brand advocacy through personalized experiences and rewards
• VeTravel
• VePay
• VeCommerce

Products and services

• ClubClass Loyalty Suite AI-enabled comprehensive B2B loyalty platform that transforms customer loyalty by engaging shoppers and enhancing brand advocacy through personalized experiences and rewards. Supports multi-tenancy, multi-lingual and multi-currency program management for enterprises across travel, banking, and retail.
• VeTravel Comprehensive B2B travel technology platform tailored for tourism and hospitality sectors, facilitating design, implementation, and management of technology-driven business solutions for airlines, hotels, OTAs, and tourism businesses. Aggregates 60+ global suppliers and integrates AI-powered booking automation.
• VePay Specialized payment solution platform crafted for banks and enterprises, offering white-label payment gateway, payment orchestration, payment checkout experience, and tokenization-as-a-service. Integrates with 50+ payment providers.
• My Way Miles Miles/points product offering launched in 2023 as part of Vernost's loyalty and travel technology expansion, strengthening its position as a global travel and loyalty technology provider.
• Property Listing Platform Property distribution platform enabling hotels to distribute inventory across Vernost's ecosystem of travel platforms, corporate clients, loyalty programs, and digital commerce channels through a technology-driven extranet.

Quantifiable outcome

• 335% transaction volume increase for BOUNZ coalition loyalty program
• +6 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability7 records

Feature7 records

Partnerships

26 partnerships are on record, tiered core and major.

• TravelportcoreTechnology or IntegrationGDS integration partner providing global distribution system connectivity for travel booking and reservation capabilities within the VeTravel platform.
• SabrecoreTechnology or IntegrationGDS integration partner enabling access to Sabre's travel content and booking capabilities through the VeTravel platform.
• AmadeuscoreTechnology or IntegrationGDS integration partner providing access to Amadeus travel content and distribution network through the VeTravel platform.
• HotelbedscoreTechnology or IntegrationHotel supplier integration providing access to Hotelbeds' hotel inventory and content through the VeTravel platform.
• ExpediamajorTechnology or IntegrationTravel supplier integration providing access to Expedia's travel content and booking capabilities.
• AgodamajorTechnology or IntegrationHotel supplier integration providing access to Agoda's accommodation inventory.
• YatramajorTechnology or IntegrationIndian OTA integration providing access to domestic travel content and bookings.
• CleartripmajorTechnology or IntegrationIndian OTA integration providing access to flights, hotels, and holiday bookings.
• Indigo AirlinescoreTechnology or IntegrationDirect airline integration for NDC content and loyalty program connectivity. US market entry partner in 2024.
• Air IndiacoreTechnology or IntegrationNDC-ready airline integration providing access to Air India's content and loyalty program.
• Akasa AircoreTechnology or IntegrationPartnership with Akasa Air for VeTravel platform implementation. Strategic airline partner since 2022.
• TBOmajorTechnology or IntegrationB2B travel platform integration providing access to TBO's global travel inventory.
• PricelinemajorTechnology or IntegrationTravel supplier integration providing access to Priceline's booking capabilities.
• ViatormajorTechnology or IntegrationActivities and experiences integration providing access to Viator's tours and activities inventory.
• FlydubaimajorTechnology or IntegrationUAE airline integration for NDC content and booking capabilities.
• Air ArabiamajorTechnology or IntegrationLow-cost airline integration for NDC content and loyalty program connectivity.
• Jazeera AirwaysmajorTechnology or IntegrationKuwaiti airline integration for NDC content and booking capabilities.
• EasyMyTripmajorTechnology or IntegrationIndian OTA integration providing access to domestic travel bookings.
• StripecoreTechnology or IntegrationPayment integration partner providing payment processing capabilities for VePay platform.
• PayUcoreTechnology or IntegrationPayment gateway integration providing payment processing for the VePay platform.
• RazorpaycoreTechnology or IntegrationPayment gateway integration providing payment processing and orchestration capabilities.
• NetworkcoreTechnology or IntegrationPayment network integration for payment orchestration and processing.
• Google PaycoreTechnology or IntegrationDigital wallet integration for payment checkout experience.
• OttumajorTechnology or IntegrationPayment gateway integration providing regional payment capabilities.
• VisacoreTechnology or IntegrationCard network integration for payment processing and loyalty programs.
• AWScoreTechnology or IntegrationAI-powered travel platform automation built on AWS infrastructure. Partnership delivering 60% faster bookings and 15-minute conversion speeds.

Scale indicators11 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Comarch: Polish-headquartered B2B SaaS provider offering loyalty, travel, and fintech solutions to enterprises globally. Closest comparable in scope and three-vertical model to Vernost's ClubClass, VeTravel, and VePay.
• Antavo: Enterprise loyalty cloud platform powering customer engagement and rewards programs for global brands. Directly comparable to Vernost's ClubClass Loyalty Suite in functionality and target market.
• Yotpo: E-commerce marketing platform with a strong loyalty and referrals engine, serving retail and DTC brands. Overlaps with Vernost's retail loyalty segment and similar AI-driven personalization approach.
• Cellpoint Digital: Payment orchestration platform purpose-built for the travel and airline industry. Closest direct comparable to Vernost's VePay payment orchestration in travel vertical.
• Annex Cloud: Customer loyalty and engagement platform for enterprise brands across retail, travel, and BFSI. Comparable in customer base, use cases, and platform architecture to ClubClass.
• Spreedly: Payment orchestration platform with 100+ payment integrations and a vault/tokenization service. Directly comparable to VePay's payment orchestration and tokenization-as-a-service modules.
• RateGain: India-headquartered B2B SaaS for hotels, OTAs, and airlines covering distribution, revenue management, and digital marketing. Comparable geography, customer profile, and travel-tech focus to VeTravel.

Broad incumbents

• Sabre: Global travel technology giant operating GDS, NDC, and airline/agency platforms. Overlaps broadly with VeTravel's booking, content aggregation, and supplier network capabilities.
• Amadeus: Global travel technology leader with GDS, airline IT, and hospitality solutions. Competes with VeTravel across content aggregation and booking infrastructure for large travel enterprises.

Emerging players

• Primer: Unified payment infrastructure for merchants with smart routing and checkout optimization. Emerging player with overlapping payment orchestration capabilities to VePay.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@vernosttechnology?si=iOZxfhQh8Vl55niS
• LinkedInlinkedin.com/company/vernostmarketingtechnologysolutions

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vernost