We speak with Prasad Gundumogula, CEO of Mondee, and ITHAX CEO, Orestes Fintiklis this week about their $842 million combination agreement.
Prasad walks us through the history of the travel space going back several decades and the void that Mondee was solving for in 2011, when the company was founded. He continues to develop the current state of the market and breaks down domestic and international travel segments.
Orestes highlights how each segment is strategically targeted and how they intend to grow market share going forward. Mondee is a group of leading travel technology, service, and content companies driving disruptive innovative change in the leisure, corporate, and retail travel markets. They deliver a revolutionary technology platform of SaaS, mobile, and cloud products and services to a global customer base, processing over 50 million daily searches in 2019 and multi-billion dollars of transactional volume yearly. Founded in 2011, Mondee is headquartered in Silicon Valley, California, with 17 offices in USA and Canada, and operations in India, Thailand, and Ireland.