Skypass Travel, Inc.
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Skypass Travel, Inc. - overview
Established
1988
Location
Irving, TX, US
Primary Industry
Travel & Leisure
About
Based in Texas, US, and founded in 1988, Skypass Travel, Inc. , which is a part of the Skypass Group, operates as a provider of full-service retail and wholesale travel services. In August 2023, Mondee, Inc. , a portfolio company of Travco Corporation Ltd.
, Ithaca Capital Management, and Morgan Stanley Investment Management, acquired Skypass Travel, Inc. for approximately USD 15 million in cash. As of 2023, the company is led by its CEO and president, Victor Abraham. Skypass Travel offers a travel agency that specializes in providing leisure travel services for individuals, families, and groups.
The services offered by the company include leisure travel, which helps individuals and families with all their leisure travel needs, which include booking flights and hotels; corporate travel, which helps users book flights for their employees, both domestically and internationally; and group and individual travel services for non-profit and humanitarian organizations. The firm is an authorized travel dealer of IATA, ARC, and CLIA. As of 2023, the company had offices in Austin, Texas, Bangalore, and Mumbai, India.
Current Investors
Mondee, Inc.
Primary Industry
Travel & Leisure
Sub Industries
Hotels & Accommodations, Travel & Tourism, Internet
Website
www.skypasstravel.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Skypass Travel, Inc. - 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 | Completed | Skypass Travel, Inc. | - |
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