HomeBusinessFlipkart Co-founder Sachin Bansal may invest $100 Mn in Ola cabs

Flipkart Co-founder Sachin Bansal may invest $100 Mn in Ola cabs

Reader's Pick

The co-founder of the e-commerce behemoth Flipkart may invest $100 million in the Bhavish Aggarwal led ride-hailing firm, Ola. As per reports, this is the largest individual investment till date in Indian internet space.

Accounting for almost ten percent of his personal wealth accrued through the Walmart deal, this is of great personal significance to Sachin Bansal. Earlier this year, Bansal was forced to exit Flipkart after the $16 billion Flipkart-Walmart deal and speculations of him turning into an investor began to surface.

This news has sparked a new wave of discourse and it is reported that Bansal is all set to make an entry into Ola as a small yet significant shareholder. According to media reports, the investment will be made via Ola share subscriptions while a small part of the shares will also come in through secondary sale via existing investors.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Logistics 4.0: Creating a value chain through smart interconnected technologies

Businesses are keeping up with the changing digital environment to stay competi...

Budget 2022-23: Technology, SaaS, AI & ML Sector Reactions

Technology market reaction on Budget 2022-23: As Finance Minister Nirmala Sitha...

Budget 2023 Should Fouse On Increasing Research Grants to Promote Innovation in Ayurveda: Ameve Sharma of Kapiva

As the Union Finance Minister Nirmala Sitharaman, is all set to present the Ind...