SAN FRANCISCO, Sept. 9, 2020 /PRNewswire/ — Mondee Holdings, the leading travel technology group with a portfolio of globally recognized brands in the leisure, corporate and retail travel sectors announced today the purchase of Rocketrip, the award winning behavior change technology solution for global business travel programs.
Founded in 2013 and backed by Bessemer Venture Partners, Canaan Partners, Genacast Ventures, Google Ventures and Y Combinator, Rocketrip’s algorithm-based technology transforms business travel by empowering employees to align their booking choices with company interests. Building a company culture where travelers feel valued and empowered has never been more critical as travel begins to resume, and Rocketrip’s solution seamlessly integrates into complex global programs to drive behavior that keeps costs under control and travelers happy.
This strategic acquisition will accelerate the Rocketrip mission by leveraging Mondee’s industry leading travel technology platform and extensive global travel experience. With over $100 million invested in its core travel technology platform, Mondee Holdings will use this acquisition to accelerate its growth in the corporate travel sector where it continues to see significant opportunity for investment, disruptive innovation and leadership.
Mondee’s robust technology platform will dramatically expand Rocketrip’s ability to deliver its transformational behavioral change solution to an even broader range of business travel programs and their myriad technology stacks. The acquisition also helps to strengthen Rocketrip’s global offering through Mondee’s international market knowledge and support infrastructure. Addressing the varied business travel needs of international markets requires deep local expertise and Mondee’s unparalleled reach will allow Rocketrip to create a truly global solution. Mondee’s expansive technology service and content platform will also help expand the Rocketrip capabilities set and bring new innovative solutions and offerings to the travel market.