Flipkart Set to Acquire Cleartrip in Distress Sale
Wallmart owned Flipkart is all set to achieve online travel solutions provider Cleartrip, which has been termed by several media outlets as a distress sale.
As per the reports, the Flipkart-Cleartrip deal may be sealed in the next 10 days, wherein it is likely to value Cleartrip at around $40 million. The deal has been put forward at a time when the travel and hospitality industry has been going through a massive dull in the wake of the Covid-19 pandemic.
Meanwhile, Flipkart has been focusing on enhancing customer experiences through many investments.
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