Mondee Holdings, Inc.
mondee.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 14, 2024. Its latest SEC filing is a 25-NSE from May 6, 2025.
10-Q for Q2 FY2024, filed Aug 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides a travel marketplace, booking and planning tools, and curated travel experiences to travel experts, organizations, and travelers.
10-K for FY2023, filed Mar 29, 20241.AI Transaction Platform: A state-of-the-art transaction platform supporting more than 50 million daily searches and delivering…View ↗
3.Mondee Marketplace: Mondee provides a globally recognized efficient marketplace which has produced over five million airline transactions…View ↗
5.Distribution Network: Mondee’s business-to-business-to-consumer (“B2B2C”) model is comprised of an expanding network of 65,000 travel…View ↗
Assisted and Affiliated Consumer Travel, on the other hand, includes content curated and sold to a traveler through multiple channels such…View ↗
How Did They Make Money?
Travel suppliers pay markups, commissions, and incentives on bookings, while banks and financial institutions pay commissions tied to booking spend; billing can be monthly or annual, and some fees are earned when tickets are issued or trips are taken. Platform subscribers pay upfront, plus a fee when a traveler books a trip.
10-K for FY2023, filed Mar 29, 2024We have determined the nature of our promise is to arrange for travel services to be provided by travel suppliers, and are therefore an…View ↗
We earn mark-up fees and certain commissions at ticketing, as our performance obligation is satisfied upon issuance of the ticket or…View ↗
Within our Travel Transaction Revenues, payments due from our customers vary from a monthly basis to an annual basis attributable to: a)…View ↗
We recognize Fintech Program Revenues at a point in time when the payment of the trip booked by traveler is settled through the fintech…View ↗
To a lesser extent, we also generate revenues by entering into subscription contracts for access to our travel management offerings. These…View ↗
F-17 platform. The Company applies the series guidance variable consideration estimation exception to recognize the variable fees upon the…View ↗
$223.3M
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10-K for FY2023, filed Mar 30, 2024
$223.3M ↗
Who Were Their Customers?
Travel suppliers and fintech partners are customers for marketplace services. Travel agencies and other affiliates book through the platform, while travelers can book directly; organizations can access travel-management tools.
10-K for FY2023, filed Mar 29, 2024Within our Travel Marketplace segment, the Company, as an agent, facilitates traveler suppliers to sell underlying travel products and…View ↗
We generate mark up fees and certain commissions from booking reservations directly placed by travelers through our platform. The…View ↗
Travel Experts, Home Based Agents, Travel Agencies, Gig Economy Workers and Social Media Influencers. Mondee currently provides technology…View ↗
Did Revenues Turn Into Profits?
No. It lost $60.8M in FY2023.
10-K for FY2023, filed Mar 30, 2024
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Aug 15, 2024
−$25.5MView ↗
- ▲ +75% (Loss)
- vs −$14.6M in Q2 FY2023
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Apr 9, 2025
Sold substantially all company assets in the Chapter 11 sale
The sale closed, and CEO Prasad Gundumogula resigned from Mondee at closing.
Sources
8-K, filed Apr 9, 2025
AUSTIN, Texas, April 04, 2025 (GLOBE NEWSWIRE) – Mondee Holdings, Inc. announces its acquisition by Tabhi, and exit from Chapter 11…View ↗
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Feb 24, 2025
Signed an agreement to sell substantially all company assets
The sale process allowed competing bids and required court approval.
Sources
8-K, filed Feb 24, 2025
As previously disclosed, on January 14, 2025, the Company entered into that certain term sheet (the “Stalking Horse Term Sheet”) with an…View ↗
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Jan 15, 2025
Filed for Chapter 11 bankruptcy protection
The company said it would continue operating while pursuing a court-supervised asset sale.
Sources
8-K, filed Jan 15, 2025
Travel, Inc., SkyLink Travel Inc., Skylink Travel SFO Inc., Purple Grids Inc., Trans Am Travel, Inc., TransWorld Travel, Inc., Hari-World…View ↗
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Dec 3, 2024
NASDAQ determined that Mondee's stock would be delisted
The company said it would not submit a plan to regain compliance or appeal the delisting.
Sources
8-K, filed Dec 3, 2024
On November 27, 2024, Mondee Holdings, Inc. (the “Company”) received a notification letter from the Listing Qualifications Department (the…View ↗
Who Did They Compete With?
Competes with Flight Centre Travel Group, Internovas’ Travel Leaders Group, Corporate Travel Management, Navan, and Egencia
10-K for FY2023, filed Mar 29, 2024Larger Travel Agencies and Managed Travel Companies. This segment consists primarily of a few traditional consolidators, regional…View ↗
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