Amidst the euphoria of two bumper fund raises in quick succession, the co-founders of e-commerce giant Flipkart, Sachin Bansal and Binny Bansal, quietly incorporated a new company last month for new businesses, which could include venture capital funding and insurance.
Sabin Advisors, named after the first few letters of the co-founders’ names, does not specify any particular business the company plans to get into.
Diversification of portfolio is critical to any business, and this is what the Bansals are trying to do, says, Sanchit Vir Gogia, Chief Analyst, Founder and CEO of Greyhound Research. However, the success of an India Fund will be much harder now than earlier as there have been many more misses than hits in the start-up community, making returns to their investors that much more difficult, said Gogia.
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Firm. To read more about him, click here.
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