---
schema_version: "secwatch.filing_event.v1"
accession: "0001828852-23-000184"
form_type: "8-K"
ticker: null
cik: "0001828852"
company_name: "Mondee Holdings, Inc."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-08T00:23:23.062208+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mondee acquires AI company Purplegrids in all-share transaction; 1.9M shares upfront plus earn-out

## Summary
- Mondee paid 1,900,000 shares of Class A common stock at closing, plus up to 1,000,000 earn-out shares tied to revenue targets.
- Purplegrids, a Silicon Valley AI company founded in 2017, offers Enterprise AI platform integrating Generative AI, private LLMs, Deep Learning.
- Over 50 Purplegrids employees, including founders Joseph John (ex-Apple) and Shibi Sudhakaran (ex-PayPal), will join Mondee.
- Acquisition enhances Mondee's AI roadmap including its AI travel assistant Abhi; closed on November 13, 2023.

## SEC filing metadata
- accession: 0001828852-23-000184
- form_type: 8-K
- cik: 0001828852
- company_name: Mondee Holdings, Inc.
- filed_at: 2023-11-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000184/0001828852-23-000184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000184/mond-20231113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828852-23-000184
- JSON: https://secwatch.observer/filing/0001828852-23-000184.json
- Plain text: https://secwatch.observer/filing/0001828852-23-000184.txt

## Key facts
- M&A Transactions
  Mondee Holdings, Inc. completed an acquisition involving Joseph Vijay Raj John and the other sellers for total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date, which shall be subject to lock- (closed 2023-11-13).
  - Action: acquisition
  - Counterparty: Joseph Vijay Raj John and the other sellers
  - Consideration: total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date, which shall be subject to lock-
  - Closing: 2023-11-13
  source text: In exchange for the Target Shares, Buyers agreed to pay Sellers total consideration of (i) 1,900,000 shares of Class A common stock of Mondee, par value $0.0001 per share, on the Closing Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000184/0001828852-23-000184-index.htm
- Material Agreements
  Mondee Holdings, Inc. entered into Stock Purchase Agreement with Joseph Vijay Raj John and other sellers valued at Consideration of 1,900,000 shares of Class A common stock on closing date plus earn-out of up to 1,0 (effective 2023-11-13).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Joseph Vijay Raj John and other sellers
  - Value: Consideration of 1,900,000 shares of Class A common stock on closing date plus earn-out of up to 1,0
  - Effective: 2023-11-13
  source text: Item 1.01 Entry into a Material Definitive Agreement On November 13, 2023 (the “ Closing Date ”), Mondee Holdings, Inc., a Delaware corporation ( “ Mondee ”), and its wholly-owned subsidiary, Mondee, Inc., a Delaware corporation (together with Mondee, the “ Buyers ”), entered into that certain Stock Purchase Agreement, dated November 13, 2023 (the “ Purchase Agreement ”), with Joseph Vijay Raj John and the other sellers thereto (together, the " Sellers ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828852/000182885223000184/0001828852-23-000184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.