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5 biggest mergers & acquisitions in India: Reliance, Tata, Vodafone, Walmart – did their big bets pay off?

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Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment

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.

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Flipkart to acquire online travel and tech company Cleartrip

E-commerce player Flipkart on Thursday said it will acquire Cleartrip, a leading online travel and technology company. Founded in 2006, Cleartrip offers its customers a comprehensive and personalised travel experience through its innovative mobile and desktop solutions. Flipkart will acquire 100 per cent of Cleartrip’s shareholding, as the company further enhances its investments to strengthen its digital commerce offerings for customers. Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart.Cleartrip will continue to operate as a separate brand, retaining all employees while working closely with Flipkart to further develop technology solutions to make travel simple for customers.

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Flipkart buys 100% stake in Cleartrip; to solidify position in travel booking

Cleartrip is latest addition to list of acquisitions by Walmart-owned Indian e-commerce major in various sectors. Acquisition of Cleartrip enhances Flipkart group s position in India, which already has Myntra, PhonePe, eBay, Ekart, Jeeves, Jabong and Flip

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

The deal closing will be subject to applicable regulatory approvals. 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.

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