Quantcast
Digital Booking Sites

Concur Buys Out Large Stake In India’s Cleartrip

Excerpt from TechCrunch

Apr 30, 2014 10:30 am

Skift Take

It’s a big bet by Concur, which has been making more than a few bets across the travel tech sphere over the last 18 months.

— Jason Clampet

Free Report: India Tourism Insights Report

Free Report: The Megatrends Defining Travel in 2015


Travel and expense management company Concur wants a bigger pie of the $3 billion Indian online travel market. The company has just concluded negotiations with Sherpalo Ventures and Kleiner Perkins to acquire additional stake in the Indian online travel startup Cleartrip.

In April 2011, Concur had invested $40 million in Cleartrip, to tap into India’s booming online travel booking market, which is now worth around $3 billion annually according to PhoCusWright, a global travel research company.

Read the Complete Story →

Tags: ,

Next Up

More on Skift

Daily Travel Startup Watch: Knowhere, Ontourcloud and More
Expedia Reverses Course and Sells eLong Stake, Priceline Snubbed
Convention Bureaus Market a New Asset: Local Industry and Intelligence
Free Webinar: Strategies to Build Better Guest Relationships