New Delhi: Walmart’s Flipkart ready to sell cleartrip‘s Middle East Tiger Global-backed business we goAn online travel marketplace that operates in the Middle East and North Africa,
In addition to a technology collaboration agreement between Vigo and Flipkart, the deal includes the sale of Flynn, a Saudi Arabia-based online travel aggregator, which Cleartrip had bought in 2018. This means that India is the only market where Cleartrip only will operate.
The boards of directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals.
Flipkart had acquired Cleartrip in April last year during its distress sale. The e-tailer, which is fighting a close battle with the US e-tail giant heroine For one-upmanship in India’s fast growing e-commerce market.
In addition to a technology collaboration agreement between Vigo and Flipkart, the deal includes the sale of Flynn, a Saudi Arabia-based online travel aggregator, which Cleartrip had bought in 2018. This means that India is the only market where Cleartrip only will operate.
The boards of directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals.
Flipkart had acquired Cleartrip in April last year during its distress sale. The e-tailer, which is fighting a close battle with the US e-tail giant heroine For one-upmanship in India’s fast growing e-commerce market.
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