Wego buys Cleartrip’s ME business from Flipkart

Dubai-based online travel marketplace Wego has acquired Cleartrip’s Middle East business from India’s Flipkart Group.

Wego and Cleartrip both have their regional headquarters located in Dubai Internet City. 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.

A press statement issued on Monday said the transaction also includes the sale of Flyin.com and a technology cooperation agreement between Wego and Flipkart.

The deal is expected to close in the second half of 2022, subject to customary closing conditions and regulatory approvals. The companies didn’t disclose the value of the deal.

Ross Veitch, CEO and co-founder of Wego said, “Cleartrip and Flyin are both product-driven companies with best-in-class OTA technology that have established strong brands and strong positions across the Middle East.”

“The Middle East is set to be one of the most exciting growth stories of the next decade with the travel and technology sectors taking centre stage. This acquisition will significantly increase our scale and capabilities and will strengthen our ability to partner and collaborate across our region.” he added.