Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment
Sanchita DashApr 15, 2021, 14:20 IST
BCCL
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.It’s official. Walmart-owned e-commerce giant
Flipkart is set to acquire Cleartrip, the online travel aggregator. The company today said in a statement that it will acquire 100% shareholding of Cleartrip and its operations.
“The Flipkart Group is committed to transforming customer experiences through digital commerce. Cleartrip is synonymous with travel for many customers, and as we diversify and look at new areas of growth, this investment will help strengthen our wide range of offerings for customers,” Kalyan Krishnamurthy, chief executive office of Flipkart Group said in a statement.