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Flipkart to acquire online travel technology firm Cleartrip

Flipkart said it will acquire 100% of Cleartrip’s shareholding, as the company enhances its investments to strengthen its digital commerce offerings for customers.

E-commerce major Flipkart will acquire online travel technology company Cleartrip in a distress sale. 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…

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