You are here: Home » Companies » News
Business Standard

Flipkart in talks to add online travel aggregator Cleartrip to its cart

The move would help the e-commerce giant diversify its business and tap the opportunities in the travel space, according to industry sources

Topics
Flipkart | Walmart | Cleartrip

Peerzada Abrar  |  Bengaluru 

Flipkart
The move by Flipkart would enable the firm to take on travel companies such as MakeMyTrip, Yatra, Booking.com and EaseMyTrip

is in talks to purchase a controlling stake in online travel aggregator Cleartrip, which would help the Walmart-owned e-commerce giant diversify its business and tap opportunities in the travel space, according to industry sources.

“Discussions are going on between and Cleartrip, whose financial performance was hit due to the Covid-19 pandemic,” said a person familiar with the matter. “is eyeing different businesses such as financial services, insurance, and travel and sees it as a good opportunity to acquire travel firms during the pandemic.”

The move will enable Flipkart to take on travel such as MakeMyTrip, Yatra, Booking.com, and EaseMyTrip. Flipkart expects a boom in travel and tourism as the economy recovers from the pandemic-induced slowdown.

Apart from air travel, Flipkart would also be able to offer train bookings through Cleartrip, which has a partnership with IRCTC.

In 2018, Flipkart formed a strategic partnership with in the travel services segment. The aim was for MakeMyTrip’s multiple brands —including MakeMyTrip, Goibibo and redBus — to leverage Flipkart’s large customer base to drive online bookings in travel services.

In 2019, Flipkart strengthened its travel offering by introducing an enhanced native experience in partnership with Ixigo, a mobile travel platform. Last year, Flipkart’s rival India partnered IRCTC. Incidentally, last year, also partnered to add a flight-booking option to Pay.

reported loss of Rs 14 crore in FY20, a 53 per cent decrease compared with the previous year, and revenues of Rs 319 crore, according to Tofler.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, March 02 2021. 21:19 IST
RECOMMENDED FOR YOU