Flipkart To Acquire 100% Leading Online Travel Company Cleartrip

Flipkart To Acquire 100% Leading Online Travel Company Cleartrip


Walmart-owned Flipkart on Thursday said it will acquire Cleartrip, an online travel technology company. Flipkart will acquire 100 percent of Cleartrip's shareholding as the company further enhances its investments to strengthen its digital commerce offerings for customers, a statement said.

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. 

Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart and Cleartrip will continue to operate as a separate brand, it added. 

All employees of Cleartrip will be retained and work closely with Flipkart to further develop technology solutions to make travel simple for customers.

''...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.

Cleartrip will continue to operate as a separate brand, retaining all its employees while working closely with the Flipkart group to develop technology solutions for making travel easier for customers.

The company, however, did not disclose the value of the deal. "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," Flipkart Group CEO Kalyan Krishnamurthy said.

He added that the Cleartrip team, with its deep industry knowledge and technology capabilities, will help Flipkart Group provide deeper value and travel experiences for customers. 

“We are delighted to be part of the Flipkart family and are excited about the positive impact this collaboration can have for our customers and the travel industry in general,'' Stuart Crighton, CEO and Co-founder of Cleartrip, said.

Stuart Crighton, CEO, and co-founder of Cleartrip said the company has been a pioneer in capitalizing on technology to simplify the travel experience for our customers.

"This product-driven focus has enabled us to become the preferred travel partner of choice for consumers in a wide range of markets in the region," he added.

The deal closing will be subject to applicable regulatory approvals.