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Flipkart set to acquire Cleartrip in distress sale
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Flipkart In Talks To Acquire Majority Stake In Online Travel Aggregator Cleartrip: Report
Flipkart office in Bengaluru. (Photo by Hemant Mishra/Mint via Getty Images)
Walmart backed e-commerce giant Flipkart is said to be in discussions to acquire a controlling stake in online travel aggregator platform Cleartrip as it looks to expand its offerings further in India,
Moneycontrol.
If materialised, the deal will position Flipkart as a competitor to players like MakeMyTrip, Yatra, Booking.com and EaseMyTrip among others. This gains significance as it comes at a time when the domestic economy is rising back again.
âNegotiations are on and the proposed deal is for the sale of a majority stake in Cleartrip,â one of the persons with knowledge of the matter was quoted by
15 Most Valuable Cloud Computing Companies
In this article, we are going to list the
15 Most Valuable Cloud Computing Companies. If you want to skip our discussion of the growth of the cloud computing industry and recent trends in the sector, go directly to the
When venture capitalist Marc Andreessen wrote his prescient essay titled “Software Is Eating the World” in 2011, many thought he was overreacting to the information technology boom. Today, software is one of the fastest-growing industries in the world. At the core of this software revolution is Cloud. Companies are swiftly migrating to Cloud platforms to save costs, increase efficiency and accessibility. Interestingly, Andreessen had mention the rise of Cloud computing in his essay.