Bengaluru, July 20 -- Cleartrip, the online travel agency (OTA) owned by Walmart-backed Flipkart Group, is targeting operational break-even by the end of the current financial year, chief business and growth officer Manjari Singhal told Mint in an interview, as it shifts away from the discount-led growth model the company has relied on in recent years.

"We want to be operationally neutral by the end of this year," Singhal said. "That's a hard target that we've set for ourselves, and we are confident that we'll get there."

The company spent Rs.608 crore on discounts and cashback against net revenue of Rs.169 crore in FY25, according to financial statements filed with the Registrar of Companies (RoC). The company spent Rs.102 crore on adv...