 "Flipkart")
Flipkart 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 Flipkart and Cleartrip, whose financial performance was hit due to the Covid-19 pandemic,” said a person familiar with the matter. “Flipkart 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 companies such as
“Discussions are going on between Flipkart and Cleartrip, whose financial performance was hit due to the Covid-19 pandemic,” said a person familiar with the matter. “Flipkart 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 companies such as
