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Flipkart to acquire online travel technology firm Cleartrip- The New Indian Express

By IANS

BENGALURU: E-commerce major Flipkart will acquire online travel technology company Cleartrip. A statement from Flipkart on Thursday said that it will acquire 100 per cent of Cleartrip’s shareholding, as the company further enhances its investments to strengthen its digital commerce offerings for customers.

Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart. Cleartrip will continue to operate as a separate brand, retaining all employees while working closely with Flipkart to further develop technology solutions to make travel simple for customers, it added.

Flipkart Group CEO Kalyan Krishnamurthy said that Cleartrip is synonymous with travel for many customers, and as…

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