Flipkart co-founder Sachin Bansal, who is in advanced talks to pump in $100 million in ride-hailing app Ola, is understood to be negotiating to get a larger stake than his investment is likely to get him. He is also keen on getting a seat on the Ola board, which in all probability he is likely to get. The Ola board currently has nine members including the founders Bhavish Aggarwal and Ankit Bhati.
“Bansal is the Naranayana Murthy of e-commerce, a visionary who had the drive, passion and belief to succeed in getting people to shop online at a time when e-commerce itself was new to Indians,” said Sanchit Vir Gogia, Chief Analyst, Greyhound Research.
“He made history when he succeeded in getting Walmart to invest $16 billion for a majority stake in Flipkart. Ola’s investors have everything to gain by giving him a seat on the board, as the company’s valuation will most definitely go up with Sachin on board as a strategic advisor.”
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.
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