Flipkart-owned Cleartrip targets FY27 breakeven, slashes discount spend by cutting cashback burn

Cleartrip posted a ₹651 crore FY25 net loss on ₹169 crore net revenue after ₹608 crore in discounts/cashback. It's now pulling back on promos, growing non-air bookings (22%) via hotels, buses and trains, and leaning on Flipkart's credit card tie-ups to chase profitability as India's OTA market nearly doubles to ₹3.84 trillion by FY28.

— Filed Mon, 20 Jul, 2026, 06:04 IST · Source Mint · Updated

Flipkart-owned Cleartrip targets FY27 break-even, cutting discount reliance, expanding hotels/trains/buses, leveraging Flipkart credit card partnerships amid rising India OTA competition.

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