What is Cleartrip?
Established in 2006 and headquartered in Mumbai, India, Cleartrip operates as a global online travel aggregator. The company's platform facilitates the booking of flights, train tickets, hotel reservations, and various activities, primarily serving markets in India and the Middle East. Cleartrip has positioned itself as a key player in the digital travel landscape, offering a comprehensive suite of services designed to simplify travel planning and booking for consumers. Its operations span across multiple verticals within the travel industry, aiming to capture a significant share of the online travel market.
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
Concur Technologies
SAP Concur is a global provider of enterprise resource planning software specializing in on-demand employee spend management solutions. The company offers a comprehensive suite of products including travel and expense management, vendor payment systems, and travel management tools.
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. The firm emphasizes a service-oriented mindset, aiming for speed, consistency, and simplicity in its operations.
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Parkbased venture capital firm that raises dedicated funds and invests in early and growthstage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
What's next for Cleartrip?
The recent major strategic investment in Cleartrip signals a pivotal phase for the company, likely focused on scaling operations, enhancing technological infrastructure, and potentially expanding into new geographic markets or service offerings. Given its established presence and the substantial capital raised over its history, Cleartrip is well-positioned to leverage this financing for further innovation and market penetration. Future strategies may involve deepening its integration with travel providers, optimizing user experience through advanced analytics, and exploring partnerships to broaden its service portfolio. The company's trajectory suggests a continued focus on solidifying its leadership in the online travel booking space.
See full Cleartrip company page
