M&A

M&A

Travel marketplace Wego to acquire Cleartrip's Middle East biz from Flipkart

Press Release  

Wego, an online travel marketplace in the MENA (Middle East and North Africa) region, has signed a definitive agreement with the Flipkart Group to acquire Cleartrip's Middle East business. This transaction also includes the sale of Flyin.com and a technology co-operation agreement between Wego and Flipkart. Rothschild and Co were the exclusive advisors to Flipkart on this transaction. Cleartrip expanded organically 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 Internet City.