Sachin Bansal invests Rs 650 crore in Ola - newsbox

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Wednesday, February 20, 2019

Sachin Bansal invests Rs 650 crore in Ola

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date. In Jan, Ola had issued shares worth Rs 150 cr to Sachin as part of series J round of funding. Sachin, who founded Flipkart over a decade ago had quit after US retail behemoth Walmart picked up 77% stake in the Indian e-commerce company for $16 billion.

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