What is Cleartrip?
Established in 2006 and headquartered in Mumbai, India, Cleartrip operates as a global online travel aggregator. The company provides a comprehensive platform for booking flights, train tickets, hotel reservations, and various activities, primarily serving markets in India and the Middle East. Cleartrip's business model focuses on simplifying travel planning and booking for consumers through its user-friendly website and diverse service portfolio.
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
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.
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.
What's next for Cleartrip?
The recent major strategic investment signals Cleartrip's intent to further solidify its market leadership and potentially explore new avenues for expansion. Given its enterprise-level funding context, the company is likely poised for significant scaling initiatives, which could include technological advancements, enhanced customer service capabilities, and strategic partnerships. This capital infusion is expected to fuel innovation and bolster Cleartrip's competitive edge in the dynamic online travel industry, potentially leading to new service integrations or market penetration strategies.
See full Cleartrip company page
