Online travel player Wego to acquire Cleartrip's Mideast biz from Flipkart

Online travel marketplace Wego, will acquire Cleartrip's Middle East business from Flipkart. Wego, which is a leading player in the MENA region, will also acquire Flyin.com as part of this transaction. Flyin.com is a technology co-operation agreement between Wego and Flipkart.

The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals, said the press statement.

Ravi Iyer, senior vice president and head, Corporate Development, Flipkart. “Given our strategic priorities and focus on the Indian market, the acquisition of Cleartrip’s