Cleartrip targets 45% growth in transaction value

Online travel portal Cleartrip today said it is targeting 45% growth in the transaction value on its site in the current fiscal.

"In fiscal 2014-15, we had achieved transaction worth US $800 million with 39% growth over previous year and in the current fiscal we are looking at a growth rate of 45%," Cleartrip chief revenue officer Amit Taneja said here today.

The portal claimed to have a 32% market share in the online travel mart, pegged at US $3 billion.

The online travel industry is growing at 200-300 per cent, Taneja added.

He said that Cleartrip did not have any immediate plan to raise funds.

Cleartrip has no plans to switch to an app only model for bookings either, though overall mobile traffic has crossed 50% of total transactions.