Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report

Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report


Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report

Sachin Bansal left Flipkart last year after US-based Walmart picked up a majority stake in the company


Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, news agency Press Trust of India reported, quoting documents filed with the Corporate Affairs Ministry. The investment from Mr Bansal comes as Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets such as Australia, New Zealand and the UK. Mr Bansal quit the e-commerce major last year, after US-based Walmart acquired a majority stake in Bengaluru-headquartered Flipkart in a $16-billion deal.



Read Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *