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India: Flipkart to buy travel and hotel booking platform Cleartrip REUTERS/Abhishek N. Chinnappa April 14, 2021 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, said two of the three people cited above, all of whom spoke on condition of anonymity. The deal comes at a time the hospitality industry continues to reel from the onslaught of the coronavirus pandemic. “The travel and hospitality industry has been severely affected by the impact of covid-19, with travel booking platforms unable to get back on their feet,” one of the three people cited above said. “The Cleartrip acquisition allows Flipkart to now have a direct play in the travel and hospitality segment, which it offered earlier through partners

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