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Examples
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Cleartrip, which is the largest player in railway bookings, has grown 100 per cent between January and March.
rediff.com 2009
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Cleartrip, which is the largest player in railway bookings, has grown 100 per cent between January and March.
rediff.com 2009
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Cleartrip, which is the largest player in railway bookings, has grown 100 per cent between January and March.
rediff.com 2009
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Cleartrip, which runs cleartrip.com, is offering fresh shares to Concur.
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In India, travel portals have generated a lot of interest among venture capital and private equity investors with firms such as Cleartrip Travel Services Pvt. Ltd and Yatra Online Pvt. Ltd raising multiple rounds of funds from investors
Travel Company Via to Raise $100 Million Deepti Chaudhary of Mint 2011
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"The stake is neither too small nor too big," said Steve S. Singh , chairman and chief executive officer at Concur, adding that his firm would be interested in infusing more money if Cleartrip needed it.
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Over the past few years, travel Web sites like MakeMyTrip, Cleartrip and Yatra, together with the Indian Railways' IRCTC Web site, have also disproved the hypothesis that Indian consumers are wary of transacting online.
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MUMBAI -- Nasdaq-listed online travel and expense management company Concur Technologies Inc. has bought a minority stake in Mumbai-based online travel company Cleartrip Travel Services Pvt. Ltd for $40 million.
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Cleartrip's Mr. Murthy said there are no immediate plans for an IPO.
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Sandeep Murthy, partner at Sherpalo Ventures, which has funded Cleartrip. com -- one of India's largest online travel portals -- agreed with Singh.
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