Flipkart to acquire online travel technology company Cleartrip

According to the press release, Flipkart will acquire 100% 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. 

Furthermore, 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. 

According to the company's officials, the initiative comes to diversify and expand to new areas of growth, as the investment will help strengthen Flipkart's wide range of offerings for customers, while providing improved travel experiences for customers.