Mondee went public via a SPAC merger with ITHAX Acquisition in a $1bn deal.

Mondee, a group of leading travel technology, service, and content companies driving disruptive innovative change in the leisure, corporate, and retail travel markets, went public via a SPAC merger with ITHAX Acquisition, a blank check company, in a $1bn deal. PIPE investors in the deal include Morgan Stanley Capital Partners, ARCPE, Origami, Travco and Entertainment Benefits Group. “Mondee developed industry-changing technology that transformed the existing antiquated travel infrastructure with a modern agile platform. Our platform and industry relationships provide the right marketplace with the right tools and the right content offerings to enable and accelerate our customers’ success. Today’s announcement marks the beginning of the next chapter of our growth as the travel market continues to normalize," Prasad Gundumogula, Mondee Founder and CEO.