 "Gautam Adani, Chairman of the Adani Group with Kalyan Krishnamurthy, CEO, Flipkart Group at the signing of Cleartrip stake acquisition by Adani group.")
The Adani Group, India’s fastest-growing diversified conglomerate, said that it is investing in Cleartrip Private Limited, an online travel aggregator (OTA) and part of the e-commerce firm Flipkart Group. As part of this investment, the Adani Group will acquire a significant minority stake in Cleartrip. The companies didn’t reveal the value of the transaction.
Through this investment, the Adani Group and the Flipkart Group will benefit from synergies that will deliver superior travel experiences to consumers as the travel industry in India sees a resurgence. Since the acquisition by the Flipkart Group, Cleartrip has seen 10x growth in flight bookings.
