Flipkart aquires Cleartrip

Walmart-owned e-commerce giant Flipkart on Thursday announced that it will acquire online travel and ticket booking platform Cleartrip. The e-commerce firm said that it will be acquiring 100 per cent of Cleartrip’s shareholding, as it enhances its investments to strengthen its digital commerce offerings.

Under the terms of the agreement, Cleartrip’s operations will be acquired by Flipkart, although it will continue to operate as a separate brand, retaining all employees while working closely with Flipkart.

The value of the deal was however not disclosed in the statement. The deal closing will be subject to applicable regulatory approvals.