Sachin Bansal puts Rs 888 cr in investment vehicle, renames it Navi Tech

Since exiting Flipkart last year, he has invested in start-ups, including Ola, Ather, Vogo, privately and through his investment vehicle BAC Acquisitions

Billionaire entrepreneur Sachin Bansal has infused more money into his investment vehicle BAC Acquisitions and renamed it Navi Technologies, company filings reveal.

The Flipkart co-founder has invested Rs 888.50 crore, approximately $123 million, in Navi Technologies, which was set up as BAC Acquisitions in December 2018.

Documents from the Registrar of Companies sourced through Tofler show Bansal bought 68.3 million shares at Rs 130 apiece over two tranches in October. Of these, 11.5 million shares were bought with cash (approximately Rs 150 crore), which comes as fresh infusion in the company. The rest were issued against financial securities, according to