Flipkart To Acquire 100% Shareholding Stake In Leading Online Travel Technology Company Cleartip

Walmart-owned e-commerce giant Flipkart has announced the acquisition of leading online travel company Cleartrip. The homegrown e-commerce marketplace will acquire 100 per cent of Cleartrip’s shareholding as the company looks to raise investments to strengthen its digital commerce offerings for customers. According to a statement released by the company, Cleartrip operations will be acquired by Flipkart as part of the terms of the agreement.  The deal closure will be subject to applicable regulatory approvals.     

”…this investment will help strengthen our wide range of offerings for customers. We welcome the Cleartrip team with their deep industry knowledge and technology capabilities to the Flipkart Group,” Kalyan Krishnamurthy, CEO, Flipkart Group, said.

Cleartrip will continue to operate as a separate brand, retaining all its employees while working closely with the Flipkart group to develop technology solutions for making travel easier for customers.

“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,” Stuart Crighton, CEO and Co-founder of Cleartrip, said.