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Flipkart acquires online travel company Cleartrip in a distress sale

Last year online travel booking companies were reeling under an increase in ticket cancellations for both national and international travels.

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  • The company plans to use the money to facilitate its proposed offshore restructuring and fulfill its obligations under the USD 180 million settlement with the US SEC.

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    Scandal-hit Luckin Coffee raises USD 250 million, regains trust from investors

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