Flipkart has sold Cleartrip’s Middle East business

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

PRAVASISAMWAD.COM

Online travel marketplace Wego acquired Cleartrip’s Middle East business from Flipkart Group for an undisclosed sum on Monday. The transaction also included the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart. Cleartrip opened up in the Middle East 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. “This acquisition will significantly increase our scale and capabilities and will strengthen our ability to partner and collaborate across our region,” said Ross Veitch, CEO and Co-Founder of Wego. The acquisition is expected to close in the second half this year.

“Our focus is clear, building a world-class online travel business emanating from the Middle East but with global ambitions.”

— Stuart Crighton, Co-Founder & Head of Cleartrip’s International Business

“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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