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ClearTrip Secures Funding For Launching “Local”

Good to know existing investors still backing Cleartrip!

Fresh Round of Funding by ClearTrip

Travel business is huge in India. Renowned online travel portal, ClearTrip recently raises an undisclosed amount of funds from Concur Technologies and Gund Investment along with its existing investors. So far, the website has managed to secure $75 million, according to President and Chief Operating Officer, Samyukth Sridharan. ClearTrip witnessed its previous round of funding in March 2016; though it was internal round.

About its New Category “Local”

The latest addition to its activities is the launching of its “Local” segment on its app. Local lets the users to book places in the city ranging from food joints to yoga classes and adventure sports like Dirt Biking with four sub-categories- events, fitness, food and adventure. Undoubtedly, this category will help ClearTrip to differentiate itself from its competitors like MakeMyTrip and GoIbibo.

Takeaways:-

  • ClearTrip recently raises an undisclosed amount of funds from Concur Technologies and Gund Investment along with its existing investors.
  • The latest addition to its activities is the launching of its “Local” segment on its app.
  • Local lets the users to book places in the city ranging from food joints to yoga classes and adventure sports like Dirt Biking with four sub-categories- events, fitness, food and adventure.
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