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Updated Apr 14, 2021 | 11:15 IST The deal may be a mix of cash and equity and likely to value Cleartrip at about $40 million in what’s considered to be a distress sale. Flipkart likely to acquire Cleartrip&nbsp New Delhi: Walmart-owned ecommerce firm Flipkart is close to acquiring travel and hotel booking platform Cleartrip in a distress sale, the Economic Times mentioned in a report citing two people having knowledge of the development.  The deal may be a mix of cash...

India: Flipkart to buy travel and hotel booking platform Cleartrip REUTERS/Abhishek N. Chinnappa April 14, 2021 Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the hospitality segment. The cash-and-stock deal valuing Cleartrip at almost $40 million may close in the next 10 days, said two of the three people cited above, all of whom spoke on...

Flipkart likely to acquire Cleartrip in a $40 million deal The acquisition of Cleartrip by Flipkart will expand its scope of services into the travel and hospitality segment, bringing it into the ecommerce fold. 0 claps Cleartrip, the Mumbai-based online travel aggregator, in a deal valued at around $40 million, according to sources familiar with the development. The transaction, which is expected to close soon, is most likely to be a cash-cum-equity deal. The acquisition brings travel and hos...

ICT Networks Mark Maloney takes on Rob Kingmas legacy as CEO ICT Networks Mark Maloney takes on Rob Kingmas legacy as CEO Maloney has been with ICT Networks for close to six years. Mark Maloney (ICT Networks) Credit: ICT Networks Effective immediately, Maloney will assume the responsibilities of the CEO role and build on his already strong relationships with vendors, clients and the company’s sales team in his new capacity.  The networking specialist, which announced ...

Flipkart likely to bag Cleartrip for $40 million in distress sale SECTIONS Share Synopsis Talks of a potential Flipkart-Cleartrip deal comes at a time when the Walmart-owned e-commerce firm is making strategic investments across sectors to build an ecosystem of online services. Mumbai:Flipkart is finalising the acquisition of Cleartrip, one the oldest travel booking portals in India, two people in the know said, as the Walmart-owned online retailer continues to make strategic investments across...

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...

15 Most Valuable Cloud Computing Companies In this article, we are going to list the 15 Most Valuable Cloud Computing Companies. If you want to skip our discussion of the growth of the cloud computing industry and recent trends in the sector, go directly to the When venture capitalist Marc Andreessen wrote his prescient essay titled “Software Is Eating the World” in 2011, many thought he was overreacting to the information technology boom. Today, software is one of the fastest-growing ind...

Global Corporate Travel Management Software Market Research Report 2021-2027 released by Fior Markets delivers detailed information about market defin

Model N Announces First Quarter Fiscal Year 2021 Financial Results Total Revenues of $42.7 Million, up 11% Year-over-Year; Subscription Revenues of $31.4 Million, up 12% Year-over-Year SAN MATEO, Calif.--(BUSINESS WIRE)--#earnings--Model N, Inc. (NYSE: MODN), the leader in cloud revenue management solutions, today announced financial results for the first quarter fiscal year 2021 ended December 31, 2020. “Our first quarter results exceeded expectations across every met...