About Despegar
Despegar is a company based in Miami (United States) founded in 1999 by Mariano Fiori and Martin Rastellino was acquired by Prosus in December 2024.. Despegar has raised $331.37 million across 7 funding rounds from investors including Accor, Merrill Lynch and Expedia Group. The company has 4,543 employees as of December 31, 2022. Despegar has completed 4 acquisitions, including Koin, ViajaNet and Viajes Falabella. Despegar operates in a competitive market with competitors including MakeMyTrip, Ixigo, Traveloka, Priceline and Lastminute, among others.
- Headquarter Miami, United States
- Employees 4543 as on 31 Dec, 2022
- Founders Mariano Fiori, Martin Rastellino
- Stage Public
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Despegar.Com Usa Inc
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Software Development Team
84 people
Sales and Marketing
26 people
Leadership Team
19 people
Data Analysis and Operations Team
11 people
Product Management Team
9 people
Engineer Team
8 people
Business Team
7 people
Sr Team
6 people
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Funding Insights of Despegar
Despegar has successfully raised a total of $331.37M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $200 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $200.0M
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First Round
First Round
(25 May 2000)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Post-IPO - Despegar | Valuation |
investors |
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| Mar, 2015 | Amount | Series C - Despegar | Valuation |
investors |
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| May, 2012 | Amount | Series B - Despegar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Despegar
Despegar has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Accor, Merrill Lynch and Expedia Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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L Catterton is recognized as a leading consumer-focused private equity group.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Despegar
Despegar has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Koin, ViajaNet and Viajes Falabella. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Travel agency services for flights, hotels, and packages are provided.
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2019 | ||||
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Purchase financing solutions are offered for monthly installments and payments.
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2014 | ||||
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Online marketplace for vacation rental
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Despegar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Despegar Comparisons
Competitors of Despegar
Despegar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MakeMyTrip, Ixigo, Traveloka, Priceline and Lastminute, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Online platform providing multiple travel booking services
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Travel services are booked via an AI-powered platform.
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| domain | founded_year | HQ Location |
Last-minute bookings for travel and entertainment are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Despegar
Frequently Asked Questions about Despegar
When was Despegar founded?
Despegar was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Despegar located?
Despegar is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Is Despegar a funded company?
Despegar is a funded company, having raised a total of $331.37M across 7 funding rounds to date.
How many employees does Despegar have?
As of Dec 31, 2022, the latest employee count at Despegar is 4,543.
What does Despegar do?
Despegar is an app-based platform to book multiple travel services including flight tickets, car rentals, tour packages more. It allows travelers to discover the services by providing the travel destination, dates more. They can also create customized package tours. Bookings can be made via their platform or app by making an online payment. Their app is available for Android iOS devices.
Who are the top competitors of Despegar?
Despegar's top competitors include MakeMyTrip, Ixigo and Traveloka.
How many acquisitions has Despegar made?
Despegar has made 4 acquisitions, including Koin, ViajaNet, and Viajes Falabella.
Who are Despegar's investors?
Despegar has 9 investors. Key investors include Accor, Merrill Lynch, Expedia Group, General Atlantic, and Prosus.
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