Flipkart takes minority stake in TravClan to boost international travel offerings
Flipkart has acquired a minority stake in travel technology company TravClan as it seeks to broaden its international travel services through Cleartrip and Flipkart Travel. The companies have not disclosed the financial terms of the investment.
The deal is expected to strengthen Flipkart’s access to international travel inventory and expand the holiday packages available across its two travel platforms.
TravClan operates a business-to-business travel platform that aggregates offerings from suppliers across domestic and international destinations. Its technology allows more than 15,000 travel agents to customise and book packages, hotels and activities in real time.
The platform also provides round-the-clock, on-ground customer support to assist travellers during their trips.
Through the partnership, Cleartrip and Flipkart Travel will be able to tap into TravClan’s supplier network, technology infrastructure and destination-level operations. This is expected to broaden their international holiday offerings while providing customers with on-ground assistance at their destinations.
