Flipkart co-founder Sachin Bansal boards Ola with Rs 150-crore investment

This is learnt to be the first tranche of around Rs 650 crore investment into the company by Bansal

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. 

A company’s spokesperson declined to comment on the matter.  

The deal brings the two start-up stalwarts — Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal — together in the backdrop of growing foreign control in this space.

This is Bansal’s first