About Cleartrip
Cleartrip is a company based in Bengaluru (India) founded in 2005 by Stuart Crighton was acquired by Flipkart in April 2021.. Cleartrip has raised $69.5 million across 6 funding rounds from investors including Flipkart, Concur and Mahindra. Cleartrip has completed 1 acquisition, including Flyin. Cleartrip operates in a competitive market with competitors including MakeMyTrip, Ixigo, Despegar, Traveloka and Priceline, among others.
- Headquarter Bengaluru, India
- Founders Stuart Crighton
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Cleartrip Packages & Tours Private Limited
- Date of Incorporation 04 Sep, 2017
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.08 K (USD)-35.71as on Mar 31, 2023
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Net Profit
$-875.8 K (USD)-237.38as on Mar 31, 2023
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EBITDA
$-870.99 K (USD)-233.36as on Mar 31, 2023
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Total Equity Funding
$69.5 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Flipkart
& 9 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Flipkart
(Apr 14, 2021)
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Funding Insights of Cleartrip
Cleartrip has successfully raised a total of $69.5M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(29 Jun 2006)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series F - Cleartrip | Valuation | Adani Group |
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| Jun, 2016 | Amount | Series E - Cleartrip | Valuation | Gund investment | |
| Apr, 2011 | Amount | Series D - Cleartrip | Valuation | Concur |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cleartrip
Cleartrip has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Flipkart, Concur and Mahindra. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused VC firm
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Founded Year | Domain | Location | |
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Mid-stage venture capital investments and support for tech entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage investment in technology sectors is conducted by Sherpalo Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cleartrip
Cleartrip has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Flyin. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online travel agency for flight and hotel bookings
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cleartrip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cleartrip Comparisons
Competitors of Cleartrip
Cleartrip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MakeMyTrip, Ixigo, Despegar, Traveloka and Priceline, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online bookings for flights, hotels, and travel packages are facilitated.
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| domain | founded_year | HQ Location |
Online platform providing multiple travel booking services
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Multiple travel services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
Travel services are booked via an AI-powered platform.
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| domain | founded_year | HQ Location |
Last-minute bookings for travel and entertainment are facilitated online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cleartrip
Frequently Asked Questions about Cleartrip
When was Cleartrip founded?
Cleartrip was founded in 2005 and raised its 1st funding round 1 year after it was founded.
Where is Cleartrip located?
Cleartrip is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Cleartrip?
Stuart Crighton is the current CEO of Cleartrip. They have also founded this company.
Is Cleartrip a funded company?
Cleartrip is a funded company, having raised a total of $69.5M across 6 funding rounds to date. The company's 1st funding round was a Series D of $40M, raised on Jun 29, 2006.
What is the annual revenue of Cleartrip?
Annual revenue of Cleartrip is $1.08K as on Mar 31, 2023.
What does Cleartrip do?
Cleartrip was founded in 2005 and is headquartered in Bengaluru, India. An app-based platform is operated for booking travel services such as flights, hotels, and related options. Bookings are facilitated through user inputs like locations, payment information, and preferred dates. The application is provided for both Android and iOS devices, serving users in the travel sector across multiple categories.
Who are the top competitors of Cleartrip?
Cleartrip's top competitors include MakeMyTrip, Ixigo and Despegar.
How many acquisitions has Cleartrip made?
Cleartrip has made 1 acquisition, including Flyin.
Who are Cleartrip's investors?
Cleartrip has 10 investors. Key investors include Flipkart, Concur, Mahindra, Kleiner Perkins, and Adani Group.
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