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| Wego to buy Cleartrip's Middle East business | | |  agencies
MUMBAI, Feb 21: Online travel marketplace Wego on Monday said it has signed a definitive agreement with online marketplace Flipkart to acquire Cleartrip's Middle East business from it.
This transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart, a joint statement here said.
The companies did not disclose any financial details. The transaction is expected to close in the second half of 2022, it said.
In April last year, Flipkart acquired 100 per cent stake in Cleartrip as a part of its diversification plans.
"Cleartrip and Flyin are both product-driven companies with best-in-class OTA technology that have established strong brands and strong positions across the Middle East," Wego CEO and co-founder Ross Veitch said. |
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