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Travel News - Flipkart likely to acquire Cleartrip in a distressed sale

Flipkart likely to acquire Cleartrip in a distressed sale 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.ย  The deal may be a mix of cash and equity and likely to value Cleartrip at about USD 40 million in whatรขย€ย™s considered to be a distress sale for the 15-year-old Mumbai company amid the ...
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