Cleartrip targets 45% growth in transaction value

Online travel portal Cleartrip on Tuesday said it is targeting 45 percent growth in the transaction value on its site in the current fiscal. "In fiscal 2014-15, we had achieved transaction worth USD 800 million with 39 percent growth over previous year and in the current fiscal we are looking at a growth rate of 45 percent," Cleartrip chief revenue officer Amit Taneja said on Tuesday. The portal claimed to have a 32 percent market share in the online travel mart, pegged at USD 3 billion. The online travel industry is growing at 200-300 percent, Taneja added. He said that Cleartrip did not have any immediate plan to raise funds. Cleartrip has no plans to switch to an app only model for bookings either, though overall mobile traffic has crossed 50 percent of total transactions.