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Walmart-owned Flipkart on Thursday said it will acquire Cleartrip, an online travel technology company.
Flipkart will acquire 100 per cent of Cleartrip’s shareholding as the company further enhances its investments to strengthen its digital commerce offerings for customers, a statement said.
Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart and Cleartrip will continue to operate as a separate brand, it added.
All employees of Cleartrip will be retained and work closely with Flipkart to further develop technology solutions to make travel simple for customers.
