Sachin Bansal to Invest $100 Million in Ola Cabs Business

Updated 7 Years Ago

Sachin Bansal who is cofounder at Flipkart, will be finalising in the Indian Internet space as he closes a funding of up to $100 million, or Rs 740 crore, in ride hailing company Ola. This was informed by people, who were familiar with the development. This would be the largest personal investment of Sachin Bansal. His total capital commitment for the transportation app will constitute more than 10 of his personal wealth garnered from the Flipkart-Walmart deal this year. Sachin exited the company he cofounded with Binny Bansal (not related) and sold his entire shareholding of 5.5% in Flipkart to Walmart.

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Anurag Panchal's MCR WORLD

Sachin Bansal to Invest $100 Million in Ola Cabs Business

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