Tag: Arvind Youth Brands

flipkart

Flipkart set to acquire Cleartrip in distress sale

Walmart-owned e-tailer Flipkart is set to acquire online travel aggregator Cleartrip in a distress sale with the deal likely to be announced during the next few days. Cleartrip, which generates more than 80{29395a375d156e93286dd6e7185ccfdd643af63705165a979bd3711654ea3aad} of its revenue from airline reservations, reported that a 2.5{29395a375d156e93286dd6e7185ccfdd643af63705165a979bd3711654ea3aad} drop in earnings in FY20, while Goibibo zoomed forward in exactly the same period with an 11{29395a375d156e93286dd6e7185ccfdd643af63705165a979bd3711654ea3aad}…