Mondee Acquires Brazilian Online Travel Marketplace Orinter for $40 Million
Photo Credit: Salvador is the capital of Brazil’s northeastern state of Bahia. Pixabay
Skift Take
Mondee began its journey of expanding offerings via seven acquisitions during the pandemic. Now it's starting another acquisition spree, and all signs point to that being a good move.
Mondee is scooping up Brazilian online travel marketplace Orinter for $40 million, its first acquisition since going public last year, the company said Wednesday.
Mondee provides travel agents access to a marketplace for booking on behalf of their customers. Travel agents access that marketplace, as well as ancillary software products to manage their business, through a Mondee software platform. Orinter offers a similar marketplace service to travel agents for hotels and ground transport, but without the tech platform.
The acquisition gives Mondee access to Orinter’s network of contracts, which spans throughout Brazil and the rest of South America. And Orinter’s nearly 5,000 travel agents now have access to Mondee’s tech and network, enabling them to expand offerings to their customers. The $40 million deal is comprised of cash and Mondee common stock.
This is the beginning of an acquisition spree, according to Orestes Fintiklis, vice
