This week we speak with Prasad Gundumogula, CEO of Mondee.
Mondee entered into an $842 million combination agreement with ITHAX Acquisition Corporation in December 2021. It sells excess inventory in the travel and hospitality industries to closed groups within its network, while also managing a meaningful swath of travel-related marketing space.
Mondee has also used the lull of the pandemic to blaze a path into higher-margin verticals, like fintech and insurtech, through M&A.
ITHAX CEO Orestes Fintiklis also joins to talk about the various value propositions at play for retail investors at this stage of the travel industry’s recovery and how Mondee plans to be a buyer, not a seller with the deal’s proceeds.