Updated Apr 14, 2021 | 11:15 IST
The deal may be a mix of cash and equity and likely to value Cleartrip at about $40 million in what’s considered to be a distress sale. Flipkart likely to acquire Cleartrip
New Delhi: Walmart-owned ecommerce firm Flipkart is close to acquiring travel and hotel booking platform Cleartrip in a distress sale, the
Economic Times mentioned in a report citing two people having knowledge of the development.
The deal may be a mix of cash and equity and likely to value Cleartrip at about $40 million in what’s considered to be a distress sale for the 15-year-old Mumbai company amid the pain that Covid-19 has inflicted on the travel and hospitality sectors.