What is Cleartrip?
Established in 2006 and headquartered in Mumbai, India, Cleartrip has evolved into a sophisticated online travel aggregator. The company provides a comprehensive suite of services, including flight and train ticket booking, hotel reservations, and curated activity planning. By focusing on user-centric design and seamless integration, Cleartrip has carved out a significant niche in the travel technology market. Its platform is engineered to simplify the travel planning process, offering robust tools that cater to both individual travelers and corporate clients. The company's market position is defined by its deep penetration into the Indian and Middle Eastern markets, where it leverages localized insights to drive high engagement and transaction volumes.
How much funding has Cleartrip raised?
Cleartrip has raised a total of $56.4M across 4 funding rounds:
Unspecified
$3M
Private Equity
$8M
Private Equity
$40M
Private Equity
$5.4M
Unspecified (2006): $3M with participation from Kleiner Perkins Caufield & Byers
Private Equity (2006): $8M led by DAG Ventures
Private Equity (2011): $40M supported by Concur Technologies, Inc.
Private Equity (2014): $5.4M featuring Concur Technologies
Key Investors in Cleartrip
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life-science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
Concur Technologies
SAP Concur is a global provider of enterprise resource planning software specializing in on-demand employee spend management solutions, offering a comprehensive suite of products including travel and expense management and vendor payment systems.
DAG Ventures
DAG Ventures is a mid-stage venture capital partnership that focuses on supporting visionary entrepreneurs and the elite early-stage VCs who back them, emphasizing a service-oriented mindset and operational speed.
What's next for Cleartrip?
Looking ahead, the strategic deployment of the $5.4M investment is expected to accelerate Cleartrip's technological roadmap and market expansion efforts. As the travel industry undergoes a digital transformation, the company is likely to prioritize the integration of advanced analytics and personalized booking experiences to maintain its competitive edge. Furthermore, the backing from institutional investors suggests a focus on long-term sustainability and operational efficiency. By refining its enterprise-level travel management solutions and expanding its footprint in emerging markets, Cleartrip is poised to capitalize on the post-pandemic resurgence in global travel demand, solidifying its status as a leader in the digital travel ecosystem.
See full Cleartrip company page
