The Indian startup ecosystem saw $75 million in funding this week across 14 deals. According to Venture Intelligence data, total funding so far in 2021 now stands at $7150 million, with 213 deals. Here’s a wrap of all that hit headlines this week:
Flipkart acquires online travel aggregator Cleartrip
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 company statement statement said.
Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart and Cleartrip will continue to operate as a separate brand. All employees of Cleartrip will be retained and work closely with Flipkart to further develop…