On Thursday, India’s e-commerce marketplace Flipkart announced that it will acquire Cleartrip, a leading online travel technology company. Flipkart will acquire 100% of Cleartrip’s shareholding, as the company further enhances its investments to strengthen its digital commerce offerings for customers. The Financial terms of the acquisition aren’t disclosed publicly.
According to the official blog, Flipkart will acquire cleartrip operations and Cleartrip will continue to operate as a separate brand, retaining all employees while working closely with Flipkart.
We welcome the Cleartrip team with their deep industry knowledge and technology capabilities to the Flipkart Group and look forward to providing deeper value and travel experiences for customers together.” said Kalyan Krishnamurthy, CEO, Flipkart Group
We are delighted to be part of the Flipkart family and are excited about the positive impact this collaboration can have for our customers and the travel industry in general.” said Stuart Crighton, CEO and co-founder of Cleartrip.