InvestorQ : Why has Adani picked up a stake in Cleartrip? Is it also getting into digital plays?
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Why has Adani picked up a stake in Cleartrip? Is it also getting into digital plays?

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Rashi Mehra answered.
2 months ago
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Adani Group will invest in travel portal Cleartrip, which is part of Flipkart. The term sheet has already been signed between Gautam Adani and Kalyan Krishnamurthy, India head of the Flipkart group. The exact value of the transaction was not disclosed. Having taken control of most of the airports in India, it looks like Adani group also wants to integrate forward in manage the customer experience in aviation.

Cleartrip had been struggling for some but after Flipkart took over the reins, it has grown its bookings 10-fold. The timing may be perfect with flight travellers now reaching pre-COVID levels. For Adani, it is an extension of their long standing relationship with Flipkart which already spans areas like data centres, fulfilment centres and now also extends to air travel. Like the Tatas, the Adanis are also working on a super app and Cleartrip will be part of that.
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