Adani buys minority shares in Cleartrip
The Adani Group reportedly bought a significant minor stake in online travel portal Cleartrip for an undisclosed amount. The latter will now be operating as the Adani Group’sonline travel agency partner.
Cleartrip was recently acquired by Flipkart in a deal estimated at $40 million.
Adani Group Chairman Gautum Adani said, “We have a strongly developing relationship with Flipkart that spans multiple dimensions including data centres, fulfilment centres, and now air travel.”
“It is such strategic partnerships among homegrown companies which will eventually create local jobs as well as an Atmanirbhar Bharat. The Cleartrip platform will become an essential part of the broader SuperApp journey we have embarked upon,” he added.
Commenting on the topic, Flipkart Group CEO Kalyan Krishnamurthy said, “At the Flipkart Group, we are focused on delivering experiences for consumers and providing opportunities to help them fulfil their aspirations. As travel picks up over the next few months, Cleartrip will continue to focus on providing easy and flexible travel experiences for its customers. We strive to strengthen our relationship with the Adani Group and will explore ways in which we can expand our offerings for consumers, leveraging their robust travel infrastructure in the country.”
Also Read
Follow Startup Story
Related Posts
