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Flipkart acquires 100% stake in Cleartrip

Shortpedia

Content Team
Image Credit: shortpedia

E-commerce marketplace Flipkart has announced the acquisition of online travel firm Cleartrip. According to Flipkart, it will acquire a 100% stake in Cleartrip and under the terms of the agreement, the Mumbai-based firm will continue to operate as a separate brand, retaining all its employees while working closely with Flipkart to further develop technology solutions.