Cleartrip, an online travel agency has acquired Saudi Arabia-based Flyin. The company however, did not disclose the financial details of the deal.

Flyin was founded in 2008 and has an access to over 3,20,000 hotels and 450 airlines. The deal is subject to regulatory approvals. As per Cleartrip, the combined company will have over 60% market share throughout the Middle East and better profitability due to better unit economics and larger scale of operations.

Further, Stuart Crighton, founder and CEO of Cleartrip stated, “Having established a strong position in India with our world class products, we are pushing ahead with our ambitious expansion plans in the MENA market, and together with Flyin, we have reached a major milestone in our journey. The transaction 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.”

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