Cleartrip India Pvt. Ltd.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Cleartrip India Pvt. Ltd. - overview
Established
2005
Location
Mumbai, Maharashtra, India
Primary Industry
Internet
About
Cleartrip India Pvt. Ltd. is a prominent online travel technology company that facilitates flight and hotel bookings, alongside various travel-related services, creating an efficient platform for travelers. Founded in 2005 and headquartered in Mumbai, India, Cleartrip India Pvt.
Ltd. specializes in providing comprehensive travel solutions. The company has undergone strategic changes and was acquired by Wego Pte Ltd. in February 2022.
The CEO, Ayyappan R, leads the organization, which has participated in 12 investment deals, securing total funding of USD 12. 00 mn, with the latest being an Add-on Trade Sale of USD 40. 00 mn led by Flipkart Internet Private Limited. Cleartrip India Pvt.
Ltd. is an online travel technology provider focusing on flight and hotel bookings through its user-friendly platform. The company caters to individual travelers, business professionals, and families, offering services that include train ticket bookings, travel insurance, and real-time flight tracking. Cleartrip's offerings extend beyond India, appealing to both domestic and international travelers.
In the most recent year of 2021, Cleartrip generated revenue of USD 10,948,392. 20, reporting an EBITDA of USD -721,934. 30, reflecting its transaction-based revenue model primarily from flight and hotel bookings. With the recent acquisition by Wego Pte Ltd.
, Cleartrip is expected to leverage new opportunities for growth. The company aims to launch new products and expand its market reach, focusing on untapped geographic regions. Recent funding will be utilized to support these initiatives, enhancing its service capabilities and offering diverse travel solutions to a broader audience.
Current Investors
Draper Fisher Jurvetson, Kleiner Perkins, DAG Ventures
Primary Industry
Internet
Sub Industries
Consumer Services, Travel & Leisure, Search Engines
Website
www.cleartrip.com
Verticals
E-commerce
Total Amount Raised
Subscriber access only
Cleartrip India Pvt. Ltd. - timeline of key events
Cleartrip India Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 1,921,461,687 | 2,537,006,565 | 2,606,876,000 | 3,130,666,000 | 3,006,000,000 | 2,643,689,000 | 812,666,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 32.0% | 2.8% | 20.1% | (4.0%) | (12.1%) | (69.3%) | - | - | - |
| EBITDA (USD) | (403,836,284) | (779,347,509) | (239,087,000) | 13,304,497 | (435,815,048) | (401,823,000) | (364,562,000) | (101,197,000) | (2,471,000) | (53,587,000) | - | - | - |
| Operating Income (USD) | (474,584,896) | (883,266,015) | (377,056,000) | (229,244,303) | (605,340,222) | (582,519,000) | (551,943,000) | (309,696,000) | (265,405,000) | (259,623,000) | - | - | - |
| Operating Margin | - | - | - | (11.9%) | (23.9%) | (22.3%) | (17.6%) | (10.3%) | (10.0%) | (31.9%) | - | - | - |
| % EBITDA Margin | - | - | - | 0.7% | (17.2%) | (15.4%) | (11.6%) | (3.4%) | (0.1%) | (6.6%) | - | - | - |
| NET Income (USD) | (512,699,123) | (888,422,204) | (406,739,000) | (293,435,575) | (646,020,197) | (633,529,000) | (623,687,000) | (362,145,000) | (264,288,000) | (258,958,000) | - | - | - |
| % Net Margin | - | - | - | (15.3%) | (25.5%) | (24.3%) | (19.9%) | (12.0%) | (10.0%) | (31.9%) | - | - | - |
Cleartrip India Pvt. Ltd. - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.