INSUBCONTINENT EXCLUSIVE:
applicable regulatory approvals
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
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.Incorporated in 2006, Cleartrip is a global online travel firm and is headquartered in Dubai
The company functions as a travel aggregator in the online medium and is a website, where customers can book train tickets, flights, make
hotel reservations.The acquisition by Flipkart comes as the e-commerce company looks to build its position in the online travel booking
Even though Flipkart is an Indian company, but was acquired by US retail chain Walmart in 2018
Walmart holds a 77 per cent stake in Flipkart for $16 billion.
