Cleartrip acquires Saudi travel aggregator Flyin

Cleartrip has agreed to buy Saudi Arabia-based Flyin to strengthen its control in the Middle East and North Africa (MENA) region, which is home to a large population of tech-savvy consumers. Together, the combined company will have over 60 per cent market share throughout the Middle East. This transaction, the largest in the travel space in MENA, will offer Cleartrip a wider outreach and a larger client base in a key market, providing economies of scale as well as enhanced competencies and regional knowledge. Cleartrip has recorded rapid growth year-on-year since the company launched its regional operations in 2012 to become the largest OTA in Middle East.
Stuart Crighton, Founder and CEO of Cleartrip, said, “We are pushing ahead with our ambitious expansion plans in the MENA region, and together with Flyin, we have reached a major milestone in our journey. The deal represents the culmination of our search for a strategic partner that has outstanding market association in Saudi Arabia and shares our business ethos and principles. Building on Saudi Arabia’s evolving entrepreneurial ecosystem, Flyin has firmly established itself as the leading player in the Kingdom’s online travel market. With its strong customer base and rich travel offerings, Flyin is the natural partner for us in the region. We will leverage each other’s strengths to enhance product development and customer experience.”