Online travel agent Cleartrip has acquired Saudi Arabia's's OTA Flyin for an undisclosed amount. This deal will help Cleartrip to strengthen its focus in Saudi Arabia and focus on the Middle East and North Africa (abbreviated as MENA) region. The transaction will close once final regulatory and corporate approvals are received. Cleartrip said in a statement that, the combined company will have over 60% market share throughout the Middle East and improved profitability due to better unit economics and larger scale of operations. Started in 2008, Flyin lists 320000 hotels and 450 airlines on its website. Cleartrip's international expansion The company entered the Middle East region in 2012. Cleartrip said that it has recorded rapid growth year-on-year since the company made its first international expansion in 2012 in the Middle East region. Last year in June, Cleartrip launched an Arabic website to further expand into the Middle East region, by providing localized content. In May, Cleartrip partnered with activities platforms, Klook and Musement to expand its footprint in international space. With this partnership, Cleartrip now offers engaging activities and experiences, in 48 European countries and 18 South East Asian countries. It makes sense for the OTA to explore other markets, as the competition in India is getting fierce with the players like MakeMyTrip, NASDAQ-listed Yatra and now Via.com also, as in November last year Nasdaq-listed Ebix, also the parent company of ItzCash, acquired Via.com for approximately $74.9 million to enter the travel segment, expand geographies and enter South East Asia (SEA) region, and further strengthen Ebix’s position…
- After CIC’s Decision, NIXI Resumes Publishing Dispute Resolution Decisions December 1, 2022
- The Delhi High Court ordered a sexually-explicit video to be taken off the internet December 1, 2022
- What India’s IT Minister has to say about the concerns around the new data protection bill December 1, 2022
- Tamil Nadu pushes for Aadhaar-EB card linking despite data risks December 1, 2022
- Info on Online Gambling Law’s Report & Consultation Can’t Be Provided: Tamil Nadu Govt December 1, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...