Rathi is joining Cleartrip to replace Ayyappan R, the current CEO of Cleartrip, who is on his way out after spending over 11 years at the Bengaluru-based company
Under the partnership, Axis Bank credit cardholders can access specially curated travel offers without having to wait to collect/redeem points to enjoy the benefits
On May 2, Domestic budget carrier Go First announced that it has filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi.
According to an official notification, Adani Group’s Adani One will help users book flights, check their flight status in real-time, access Pranaam Meet & Greet Service, and benefits like airport parking, cabs and duty-free products.
In an email to customers, Cleartrip said that there was "security anomaly that entailed illegal and unauthorised access to a part of Cleartrip’s internal systems"
The transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart.
The company has increased its workforce strength by 60 per cent in the ongoing quarter, according to the statement.
Domestic tourists may have to be the mainstay of the travel and tourism industry during the holiday season with the new curbs to contain the Omicron Covid variant dampening interest among foreign tourists
After being acquired by Flipkart, Cleartrip has seen a ten-fold growth in flight bookings. The Adani deal likely to be sealed in November.
Under the terms of the agreement, Cleartrip operations will be acquired by Flipkart. Cleartrip will continue to operate as a separate brand, retaining all employees while working closely with Flipkart to further develop technology solutions to make travel simple for customers.
With the proposed acquisition, Flipkart would warm up to the ‘super app strategy’ and will be better positioned to take on the likes of MakeMyTrip, Yatra, Booking.com, EaseMyTrip and IPO-bound Ixigo.
Most large ecommerce players like Flipkart, Amazon and Paytm want to embrace the super-app strategy and be present in every business segment, be it retail, food delivery, payment services and travel. From that vantage online travel aggregator Cleartrip makes sense for Flipkart.
There is a lot of growth happening as far as travel is concerned, both domestic and international, and it will remain consistent in the years to come
In a market saddled with heavy discounting resulting in high cash burn, Cleartrip has operated at break-even profitability for the last four years
The combined company will have over 60 percent market share throughout the Middle East and improved profitability due to better unit economics and larger scale of operations, Cleartrip said in a statement.
The deal is expected to offer Cleartrip a wider outreach and a larger client base in an adjacent market
Launched in India in 2015, Google Flights offers travellers the facility to explore destinations and find the best flights at affordable prices.
This integration will also offer seamless Uber ride requests on the Cleartrip platform, a release issued here said.
Teams of Qarth and Ola money will join to further build cutting edge solutions to provide a seamless payment experience for users, Ola said in a statement.
Around 500 people have signed the letter including Zomato Founder Deepinder Goyal, Cleartrip Founder Hrush Bhatt, XYSEC LABS Founder Subho Halder, iSPIRT Foundation co-founder Sharad Sharma and Paytm founder Vijay Shekhar Sharma.
The mobile-only product allows users to book about 5,000 activities, including culinary classes, day tours, yachting, hiking and night treks, across 50 cities through its app.
With increasing online competition, popular models that have come up include online travel agents (OTAs) offering a single marketplace for all travel-related needs, and meta search engines like Tripadvisor and Kayak, that operate like travel discovery platforms.
"We wanted to launch a card with special benefit meant for online purchases. In this card, whatever the spending be, we will offer a five times more reward than in case of normal cards," says Vijay Jasuja, CEO SBI Card
Online travel portal Cleartrip on Tuesday said it is targeting 45 percent growth in the transaction value on its site in the current fiscal.
Due to the outrage over social media, e-commerce major Flipkart has withdrawn from Airtel Zero. Meanwhile, Cleartrip, NDTV and Times Group have logged out from internet.org platform of Facebook, where Reliance Communication is a partner.