BENGALURU: Wego, an online travel platform, announced on Monday that it will buy Cleartrip's Middle East division from Flipkart Group for an undisclosed amount. The sale of Flyin.com and a technical collaboration agreement between Wego and Flipkart are also part of the deal.
In 2010, Cleartrip expanded into the Middle East region, and in 2018, it bought Flyin.com, situated in Riyadh, which had a similar role in launching online travel in Saudi Arabia. The regional headquarters of both Wego and Cleartrip are in Dubai.
"This acquisition will greatly expand our scale and capabilities, as well as our capacity to partner and work across our region," stated Ross Veitch, Wego's CEO and Co-Founder. The deal is scheduled to be completed in the second part of this year.
"Given our strategic priorities and focus on the Indian market, Wego's acquisition of Cleartrip's Middle East business provides continuity to its business, and we believe they are the right partners to help it grow in its next phase," said Ravi Iyer, Senior Vice President and Head-Corporate Development, Flipkart.
Wego is the Middle East and North Africa's (MENA) region's largest online travel marketplace, having been founded in 2005. "Our focus is to create a world-class online travel firm with worldwide ambitions that originates in the Middle East," said Stuart Crighton, Co-Founder and Head of Cleartrip's International Business.
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