Flipkart founder Sachin Bansal may buy 10% in Ola for $100 mn: report Noor Arora
Flipkart co-founder Sachin Bansal is in talks with Ola to invest about $100 million for a 10% stake in the cab hailing major. Bansal will be buying new shares in the company, according to sources close to the development. The purchase may also include a small secondary component where he buys a part of shares held by some investors. This will be the largest personal investment for Bansal, who has several early-stage bets under his hood. In the past, he had invested in learning platform Unacademy, news app Inshorts and electric scooter-maker Ather Energy, to name a few companies. The potential deal suggests Bansal wants to remain clued into the country's thriving internet entrepreneurial ecosystem, after he moved out of Flipkart, the e-commerce behemoth he co-founded in 200
ARTICLE SOURCE: BS