VC-backed travel portal gets $40m
VC-backed Indian travel portal Cleartrip Travel Services has received a $40 million capital injection from online travel and management firm Concur Technologies Inc., buying US-based Concur an undisclosed minority stake in the company.
According to a statement from the companies, the deal gives Concur the opportunity to expand into India, a new geographic market, and enables both firms to share travel content and technology. "India's...
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