Flipkart sells Cleartrip's Middle East business to travel marketplace Wego

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Flipkart sells Cleartrip's Middle East business to travel marketplace Wego
Online travel marketplace Wegoon Monday said it is acquiring Cleartrip's Middle East business from FlipkartGroup for an undisclosed sum.
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The transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart.

Cleartrip expanded into the Middle East region in 2010 and acquired Riyadh based Flyin.com in 2018, which played a similar role in kick-starting online travel in Saudi Arabia.

Wego and Cleartrip both have their regional headquarters located in Dubai.

Wego的首席执行官兼联合创始人罗斯·维奇(Ross Veitch)表示:“此次收购将大大提高我们的规模和能力,并增强我们在我们地区合作和合作的能力。”

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The acquisition is expected to close in the second half this year.

"Given our strategic priorities and focus on the Indian market, the acquisition of Cleartrip's Middle East business by Wego provides continuity to its business, and we believe that they are the right partners to boost its next phase of growth," said Ravi Iyer, Senior Vice President and Head-Corporate Development, Flipkart.

Founded in 2005, Wego operates the largest online travel marketplace in the Middle East and North Africa (MENA) region.

"Our focus is clear, building a world-class online travel business emanating from the Middle East but with global ambitions," said Stuart Crighton, Co-Founder and Head of Cleartrip's International Business.

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