Flipkart picks up minority stake in B2B travel startup TravClan
Flipkart has invested in TravClan to strengthen international holiday offerings across Cleartrip and Flipkart Travel, while expanding access to global suppliers and destination support.
Ecommerce giant Flipkart has acquired a minority stake in B2B travel technology firm TravClan. The investment aims to enhance international holiday packages and bolster supply on both Cleartrip and Flipkart Travel platforms. TravClan intends to utilize the fresh capital to scale its platform, strengthen global supply relationships, and grow its engineering, business development, and operational teams.
Through this deal, Flipkart gains access to TravClan's extensive network of direct global suppliers and on-site teams. Presently, TravClan powers outbound travel for more than 15,000 travel agents, assisting them in creating personalized itineraries, booking hotels, and managing activities with round-the-clock destination support.
Consolidating these operations enables Cleartrip and Flipkart Travel to present Indian travelers with more curated international trips, backed by reliable support throughout their journey. By investing in TravClan, Flipkart bolsters its capacity to provide international holiday packages while enhancing its travel capabilities. Modern travelers seek more than just flight or hotel bookings; they desire a holiday tailored to their interests and supported throughout the journey.
TravClan's supplier network and destination expertise will aid Flipkart in building such experiences on Cleartrip and Flipkart Travel, according to Nishant Verman, SVP, Corporate Development and Partnerships at Flipkart. India is fast emerging as one of the world's largest outbound travel markets, with travelers initiating their first international trips playing a significant role in this growth.
The opportunity lies in making these trips more affordable while preserving dependable service levels. Through contracting directly with suppliers and managing their own ground teams, TravClan can deliver competitive prices and maintain consistent experiences. This partnership with Flipkart enables TravClan to extend affordable travel products to millions of Indians as they embark on their international journeys, stated Arun Bagaria, Co-founder and CEO of TravClan.
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