Flipkart acquires Cleartrip

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Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the hospitality segment.

The cash-and-stock deal valuing Cleartrip at almost $40 million may close in the next 10 days.

 
  • The company today said in a statement that it will acquire 100% shareholding of Cleartrip and its operations.
  • Cleartrip was founded in 2006 by Hrush Bhatt, Matthew Spacie and Stuart Crighton.
  • After the acquisition, Cleartrip will continue to function as a separate entity and will retain all its employees.
 
Adani Group strikes equity deal with Flipkart owned OTA Cleartrip

 
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