Mondee Reportedly Gets $20 Million From Travelport Owners to Support Going Public
Skift Take
Some recent efforts by businesses to go public via mergers with blank check companies have stalled or fizzled. But it's a vote of confidence in Mondee that Travelport's financial sponsors, Elliott Management and Siris Capital, are reportedly putting up money to support the travel tech company in going public.
Mondee, a travel technology firm based in San Mateo, California, said on Monday that the blank check company that aims to buy it has secured critical money for the merger with plans to go public. Elliott Management and Siris Capital — the institutional investors who happen to be owners of another travel technology firm, Travelport — are reportedly among the investors.
Ithax Acquisition Corp., a special purpose acquisition company, has raised an additional $20 million for its private investment in
