M&A Deal Summary

Wego Acquires Cleartrip - Middle East Business

On February 21, 2022, Wego acquired internet software and services company Cleartrip - Middle East Business from Cleartrip

Acquisition Highlights
  • This is Wego’s 1st transaction in the Internet Software and Services sector.
  • This is Wego’s 1st transaction in Saudi Arabia.

M&A Deal Summary

Date 2022-02-21
Target Cleartrip - Middle East Business
Sector Internet Software and Services
Buyer(s) Wego
Sellers(s) Cleartrip
Deal Type Divestiture

Target

Cleartrip - Middle East Business

Saudi Arabia
Cleartrip's Middle East Business is an online travel marketplace.

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Buyer(S) 1

Buyer

Wego

Singapore, Singapore

website


Category Company
Founded 2005
SectorInternet Software and Services
DESCRIPTION

Wego is an online travel marketplace in the Middle East and North Africa (MENA) region and provides award-winning travel search websites and top-ranked mobile apps. Wego was founded in 2005 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Cleartrip

Mumbai, India

website


Category Company
Founded 2005
SectorInternet Software and Services
DESCRIPTION

Cleartrip ushers in a refreshingly simple approach to travel, by offering its customers the single most comprehensive travel experience through its mobile and desktop solutions. Through its intuitive products, coupled with the largest selection of flights and hotels, Cleartrip continues to keep customers at the center of everything it does. It is a global travel tech company of scale to offer travelers an opportunity to discover and engage in hyperlocal leisure activities. Cleartrip was formed in 2005 and is based in Mumbai, India.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2022) 1 of 1