Walmart subsidiary plans to acquire Indian OTA Cleartrip for US million

Industrial Investment Author of this article: 188bet online sports betting 2021-04-17
Cleartrip received approximately US million in financing before being acquired。

April 15,Flipkart announces acquisition of online 188bet online sports betting and hotel ticketing company Cleartrip for approximately US million,Because the Walmart-owned e-commerce company hopes to expand its products in the world’s second largest Internet market。A person familiar with the matter told TechCrunch,Cleartrip, which has been established for 14 years, raised approximately US million before being acquired。In this dilemma,Cleartrip is like most other 188bet online sports betting companies,Facing unprecedented pressure amid a global pandemic,People’s desire to 188bet online sports betting has seriously declined。

Indian news outlet MoneyControl reported last month that the two companies were discussing a deal。

Cleartrip is also an Amazon partner in India,Powering the ticketing "engine" of the American e-commerce group。The two companies signed an agreement in 2019。TechCrunch asked Amazon earlier this week if it knew and had no problem,Its supplier partners are exploring acquisition deals with Flipkart。The American e-commerce company is currently fighting a court battle,To prevent its estranged Indian partner Future Group from selling business to Reliance Retail,But it didn’t respond。

The two companies said today,Cleartrip will continue to operate as an independent brand,Retain all employees,Also working closely with Flipkart,"Further development of technical solutions,Make customers’ 188bet online sports betting simple"。

rumored,Flipkart has been working on launching a ticket buying feature on its marketplace for over a year。

"Flipkart Group is committed to transforming customer experience through digital commerce。For many customers,Clerip is synonymous with 188bet online sports betting,As we diversify and find new areas of growth,This investment will help strengthen the broad range of services we offer our clients。Flipkart Group CEO Kalyan Krishnamurthy said in the statement: "We welcome the Clerip team to the Flipkart Group with its deep industry knowledge and technical capabilities,And look forward to working together to provide customers with deeper value and 188bet online sports betting experience。”


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