Flipkart to acquire travel tech company Cleartrip, continue to operate as independent brands- Technology News, Gadgetclock
Press Trust of IndiaApr 15, 2021 16:28:56 IST
Walmart-owned Flipkart on Thursday said it’s going to acquire Cleartripan on the web travel tech company. Flipkart will acquire 100 percentage of Cleartrip’s share holding as that the company further enriches its own investments to fortify its digital trade offerings for customers,” a statement said. Under the conditions of the agreement, Cleartrip surgeries will likely be gotten by Flipkart and also Cleartrip will probably continue to operate as a distinct brand, it included.
Most employees of all Cleartrip is going to be kept and work closely with Flipkart to further develop tech solutions to create travel simple for clients.
The company, but didn’t disclose the exact value of their deal.
“The Flipkart Group is committed to changing customer adventures through electronic digital trade. Cleartrip is interchangeable with travel for most clients, also as we grow and consider new regions of expansion, and this investment may greatly fortify our broad array of offerings for clients,” Flipkart Group CEO Kalyan Krishnamurthy explained.
He added that the Cleartrip team, having its deep industry knowledge and tech capacities, may help Flipkart Group supply stronger significance and travel adventures for clients.
Stuart Crighton, CEO and also co founder of all Cleartrip, said the company was a pioneer in capitalising on tech to simplify the travel adventure for our clients.
“This product-driven attention has empowered us to get to be preferred travel partner of choice to consumers within a broad selection of markets from the area,” he further added.
The bargain closure will likely be subject to related regulatory concessions.