Flipkart Co-Founder Sachin Bansal Boards Ola With Rs 150-crore Investment

9 views Reading Time: < 1 minute

Flipkart co-founder Sachin Bansal, who had to step down when Walmart acquired the Bengaluru-based e-commerce major last year, has invested Rs 150 crore (around $21 million) in ride-hailing company Ola, filing with the Registrar of Companies (RoC) shows. This is learnt to be the first tranche of around Rs 650 crore investment in the company by Bansal.

“This (Sachin’s investment in Ola) is not just about the money he has put in. Ola is at a level where it will either acquire (another firm), get acquired or go for an IPO (initial public offering). When you are doing either of these three, you have to have on your side people who have been there and done that,” said Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.

“We should expect something out of Ola soon,” added Gogia.

[Business Standard]


Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

Have a question on this or other Technology & Innovation topics? Click here to set up an enquiry call with Sanchit Vir Gogia.

Copyright © 2018 Greyhound Research. All rights reserved. You may share this research note using the options made available. Please don’t copy this research note (complete or parts) and distribute over the web and emails. Connect with us if you need clarifications.

Leave a Reply