Flipkart acquires Cleartrip

[Bapun]

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.

Flipkart to acquire troubled Cleartrip

Cleartrip last raised an undisclosed sum from Concur Tech and Gund Investments in 2016, taking its total fund-raise to $75 million

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[Bapun]

• 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.

Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment | Business Insider India

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.

www.businessinsider.in

 

[rahul1117kumar]

Adani Group strikes equity deal with Flipkart owned OTA Cleartrip

Adani buys 20% stake in Cleartrip - Times of India

India Business News: NEW DELHI & MUMBAI: Billionaire Gautam Adani will acquire a "significant minority stake" in online travel and hotel booking firm Cleartrip - which had.

timesofindia.indiatimes.com