Mondee Holdings Acquires Rocketrip

Mondee Acquires Skypass Travel

August 15, 2023

Transportation

Mondee Holdings, Inc. has acquired Skypass Travel, Inc. for approximately $15 million in a cash-and-stock transaction (including $3 million cash and the remainder in Mondee stock at $10 per share, with potential additional stock upon achievement of growth targets). Skypass, a U.S.-based wholesale and corporate travel services provider with corporate clients across the U.S., Europe and India and 2022 revenue of $45 million, will be integrated into Mondee's digital travel marketplace to expand Mondee's corporate bookings, supplier contract access and additional platform features.

Tabhi Acquires Mondee Holdings Out of Chapter 11 Restructuring

April 4, 2025

AI & Machine Learning

Tabhi Inc. acquired substantially all assets of Mondee Holdings, Inc. as part of Mondee's Chapter 11 restructuring, with new equity and credit support from affiliates of TCW Asset Management, Morgan Stanley Investment Management and Wingspire Capital. The transaction reduced Mondee's debt, strengthened liquidity, and resulted in Prasad Gundumogula taking a majority equity stake while Tabhi named Kumar R. Parakala CEO of North America to accelerate AI-powered travel offerings.

Mondee Inc. Acquires Cosmopolitan Travel Service (CTS)

February 11, 2020

Transportation

Mondee Inc., a travel technology company and airfare wholesaler, has completed the acquisition of Cosmopolitan Travel Service (CTS). The deal expands Mondee's distribution footprint and accelerates deployment of its TripPro platform to a larger base of travel agents and niche markets.

ITHAX Acquisition Corp. Completes Business Combination with Mondee

July 18, 2022

Cloud & SaaS

ITHAX Acquisition Corp. completed its business combination with Mondee Holdings II, Inc., and ITHAX was renamed Mondee Holdings, Inc.; Mondee began trading on the Nasdaq under the ticker MOND on July 19, 2022. The transaction provides Mondee with public-market access and capital to accelerate organic and inorganic growth of its travel technology and marketplace platforms.

Transit Technologies Acquires TripShot

March 4, 2024

Transportation

Transit Technologies has acquired TripShot, a Silicon Valley–founded fleet management software company, to integrate TripShot's mobility platform into its AI-powered transit solutions. The acquisition expands Transit Technologies' capabilities across fixed-route, demand-response, safety/compliance and non-emergency medical transportation services and will broaden its product offering for public and private transit customers.

Rocket Companies Acquires Truebill for $1.275B

December 20, 2021

Payments & Fintech

Rocket Companies agreed to acquire Truebill, a personal-finance app, for $1.275 billion in cash. The acquisition adds Truebill’s financial-wellness capabilities and ~2.5 million members to Rocket’s platform to deepen client engagement and is expected to add about $100 million in annual recurring revenue to Rocket.