Despegar.com
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Despegar.com - overview
Established
1999
Location
Miami, FL, US
Primary Industry
Travel & Leisure
About
Based in Buenos Aires, Argentina, and founded in 1999, Despegar. com, Corp. (Despegar. com and Despegar) operates as an online B2C travel company.
Alejandro Tamer, Christian Vilate, Federico Fuchs, Mariano Fiori, Martin Rastellino, and Roberto Souviron are the co-founders of the company. Damian Scokin serves as the CEO of the company as of 2020. In 2020, Waha Capital invested USD 50 million in Despegar. com.
Despegar is traded on the New York Stock Exchange under the ticker symbol DESP. The company’s product offering comprises airline tickets, vacation packages, hotels, and other travel-related products, allowing customers to conveniently locate, compare, plan, and purchase travel products through its marketplace. The company offers a technology platform for managing product distribution as well as access to a network of travel suppliers for users. The company owns and operates two brands: Despegar, its global brand, and Decolar, its Brazilian brand.
Current Investors
L Catterton, Waha Capital, Sequoia
Primary Industry
Travel & Leisure
Sub Industries
Hospitality Services, Travel & Tourism
Website
www.despegar.com
Verticals
E-commerce, Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Despegar.com - timeline of key events
Despegar.com - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 523,940,000 | 530,614,000 | 524,876,000 | - | - | - |
| % Revenue Growth (YoY) | - | 1.3% | (1.1%) | - | - | - |
| EBITDA (USD) | 85,065,000 | 60,515,000 | 17,799,000 | - | - | - |
| Operating Income (USD) | 71,239,000 | 45,390,000 | (8,920,000) | - | - | - |
| Operating Margin | 13.6% | 8.6% | (1.7%) | - | - | - |
| % EBITDA Margin | 16.2% | 11.4% | 3.4% | - | - | - |
| NET Income (USD) | 42,366,000 | 19,154,000 | (20,910,000) | - | - | - |
| % Net Margin | 8.1% | 3.6% | (4.0%) | - | - | - |
Despegar.com - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | TVLX Viagens e Turismo S/A. | - | ||||||||
| PIPE | Completed | Despegar.com | - | ||||||||
| Growth | Completed | Despegar.com | - |
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Despegar.com - employee data
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