Mumbai: Has acquired a “significant minority stake” in Flipkart-owned cleartrip, gives India’s largest airport operator a foothold in the fast-growing online travel space among its Super App plans.

The Adani-Cleartrip deal, the financial details of which were not disclosed, comes at a time when the wider travel and hospitality industry is witnessing a kind of pandemic revival. The transaction is likely to close next month, subject to necessary approvals.

Since the acquisition by Flipkart GroupIn a regulatory filing on Friday, Adani Enterprises said, Cleartrip has witnessed a 10-fold growth in flight bookings. “There has been an increase in passenger traffic at airports, approaching pre-Covid highs. This partnership helps Cleartrip to cross digital boundaries and bring end-to-end travel services online,” the filing said. will enable.”

The investment will enhance the strategic partnership between the Adani Group and Flipkart The group is already in alliances in the data centers, logistics and warehousing sectors.

Flipkart Group CEO said, “We strive to strengthen our relationship with the Adani Group and will explore ways in which we can expand our offerings to consumers and take advantage of their robust travel infrastructure in the country. ” Kalyan Krishnamurthy said.

The deal will also get stronger
Adani’s Super App Plan.

“We have a strong relationship with Flipkart that spans multiple dimensions including data centres, fulfillment centers and now air travel,” said Adani Group Chairman. Gautam Adani said. “The Cleartrip platform will become an essential part of the comprehensive Super App journey we have launched.”

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Flipkart appoints Myntra’s Ayyappan R as Cleartrip’s CEO in a major restructuring move

On Friday, shares of Adani Enterprises rose 2.19% to Rs 1423.50 on the BSE, while the benchmark Sensex closed 1.13% lower at 59,306.93 points. The deal was announced after market hours.