Flipkart In Talks To Acquire Majority Stake In Online Travel Aggregator Cleartrip: Report

Flipkart In Talks To Acquire Majority Stake In Online Travel Aggregator Cleartrip: Report
Flipkart office in Bengaluru. (Photo by Hemant Mishra/Mint via Getty Images)
Walmart backed e-commerce giant Flipkart is said to be in discussions to acquire a controlling stake in online travel aggregator platform Cleartrip as it looks to expand its offerings further in India,
Moneycontrol.
If materialised, the deal will position Flipkart as a competitor to players like MakeMyTrip, Yatra, Booking.com and EaseMyTrip among others. This gains significance as it comes at a time when the domestic economy is rising back again.
“Negotiations are on and the proposed deal is for the sale of a majority stake in Cleartrip,” one of the persons with knowledge of the matter was quoted by

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