| Founded | 1999 |
|---|---|
| Closed | 2020 |
| Country | Argentina |
| Sector | Travel |
| Collapse type | Zombie Startup |
Despegar
"Despegar became Latin America largest online travel agency with 100 million users and a Nasdaq IPO — then COVID wiped out travel demand in 2020 and the stock fell 85 percent, leaving the company a zombie operating at a fraction of its former scale."
Technically alive but effectively dead, burning cash
Key Events Timeline
Despegar built the leading Latin American OTA across 20 countries, going public on Nasdaq in September 2017 at $26 per share.
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