Profit

Concur Tech invests $40 million in Cleartrip for a minority stake

PUBLISHED ON: April 18, 2011 | Duration: 1 min, 55 sec

  
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US based online travel and expense management company Concur Technologies has picked up a minority stake in Cleartrip for $40 million to expand into India's booming travel market. With a seat on Cleartrip's board, Concur is eyeing to leverage the Indian domestic travel content, including air, hotels and rail, available through Cleartrip to support its expense management business.
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