Concur Pours $40M into Cleartrip
Publicly traded Concur Technologies Inc. said it would pay $40 million for a minority stake in Indian online travel site Cleartrip. The start-up has previously raised at least $18 million from venture investors including Draper Fisher Jurvetson, The Mahindra Group, Sherpalo Ventures and Kleiner Perkins Caufield & Byers. The investment with Concur Technologies includes includes a marketing partnership through which Concur's products will help Cleartrip's clients generate travel and expense reports, Reuters reported.
18 April 2011•1 min read
