LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Flipkart's co-founder Sachin Bansal invests Rs 150 crore in Ola

Last week, Ola had also raised Rs 520-crore ($74 million) from its existing investor Steadview Capital.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Flipkart's co-founder Sachin Bansal invests Rs 150 crore in Ola
The shares of Rs 10 face value were allotted to Bansal at a premium of Rs 21,240 per share, the filing noted.PTI
Written By: IANS
Updated: Tue, Jan 15, 2019
11:25 am
Bengaluru, IANS
RELATED NEWS
Hurry! Flipkart Mobile Bonanza sale: Get best deals on iPhone 11, iPhone SE, Samsung Galaxy S20+, Poco M2 Pro and more Hurry! Flipkart Mobile Bonanza sale: Get best deals on iPhone 11, iPhone SE, Samsung Galaxy S20+, Poco M2 Pro and more
Amazon Great Republic Day Sale and Flipkart Big Saving Days Sale | Big discounts on iPhone 12 mini, iPhone 11, Samsung Galaxy F41, Redmi 9 Power, Samsung Galaxy M51 Amazon Great Republic Day Sale and Flipkart Big Saving Days Sale | Big discounts on iPhone 12 mini, iPhone 11, Samsung Galaxy F41, Redmi 9 Power, Samsung Galaxy M51
Big offer! You can buy Bluetooth earbuds for just Re 1 - Here is how to get it on Flipkart Big offer! You can buy Bluetooth earbuds for just Re 1 - Here is how to get it on Flipkart
Have SBI card? Tomorrow is last day to avail this 10 per cent discount Have SBI card? Tomorrow is last day to avail this 10 per cent discount
What is Flipkart’s '2GUD Local'? How will it help the traditional retail business? What is Flipkart’s '2GUD Local'? How will it help the traditional retail business?

Co-founder of leading e-tailer Flipkart, Sachin Bansal, invested Rs 150-crore ($21 million) in ride-sharing major Ola, business signals platform paper.vc said on Monday.

Bansal, who co-founded Flipkart along with Binny Bansal in 2007, bought a total of 70,588 preference shares of city-based cab hailing platform, according to Ola's filings with the Registrar of Companies (RoC) accessed by IANS from the Chennai-based business intelligence firm.

The shares of Rs 10 face value were allotted to Bansal at a premium of Rs 21,240 per share, the filing noted.

Last week, Ola had also raised Rs 520-crore ($74 million) from its existing investor Steadview Capital.

Though Bansal co-founded Flipkart, he left the company in May last year when American retail giant Walmart bought a 77 per cent equity stake in the e-tailer for $16 billion (Rs 1,16,256 crore).

Bansal has made over 10 investments in tech start-ups over the past few years in his individual capacity, including electric bike start-up Ather Energy and news aggregator Inshorts among others.

Watch This Zee Business Twitter Video

कौन सी है वो कंपनी जिसमें अगर लगाया होता पिछले कुंभ में पैसा तो मिलता 1925% का रिटर्न जानते हैं रजत देवगन से।@AnilSinghviZEE @devganrajat9 @dkalra81 pic.twitter.com/gbPGHvFBLD

— Zee Business (@ZeeBusiness) 15 January 2019

Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola currently operates in 125 cities in countries including India, Australia, New Zealand and the UK. 

The company has been aggressively expanding its services internationally since last year, as it competes against American ride-hailing firm Uber.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
FlipkartSachin Bansal
RELATED NEWS
Hurry! Flipkart Mobile Bonanza sale: Get best deals on iPhone 11, iPhone SE, Samsung Galaxy S20+, Poco M2 Pro and more Hurry! Flipkart Mobile Bonanza sale: Get best deals on iPhone 11, iPhone SE, Samsung Galaxy S20+, Poco M2 Pro and more
Amazon Great Republic Day Sale and Flipkart Big Saving Days Sale | Big discounts on iPhone 12 mini, iPhone 11, Samsung Galaxy F41, Redmi 9 Power, Samsung Galaxy M51 Amazon Great Republic Day Sale and Flipkart Big Saving Days Sale | Big discounts on iPhone 12 mini, iPhone 11, Samsung Galaxy F41, Redmi 9 Power, Samsung Galaxy M51
Big offer! You can buy Bluetooth earbuds for just Re 1 - Here is how to get it on Flipkart Big offer! You can buy Bluetooth earbuds for just Re 1 - Here is how to get it on Flipkart
Have SBI card? Tomorrow is last day to avail this 10 per cent discount Have SBI card? Tomorrow is last day to avail this 10 per cent discount
What is Flipkart’s '2GUD Local'? How will it help the traditional retail business? What is Flipkart’s '2GUD Local'? How will it help the traditional retail business?

LATEST NEWS

REVEALED! What gave a massive 400% jump to FDI in computer software, hardware during Apr-Dec 2020

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range, says investors should trade keeping volatility in mind

Gold Price Outlook: Yellow metal falls by over Rs 11,500 in last six months; may crash much more

Mumbai-Ahmedabad Bullet Train: Tech bids open for bridge project - Check latest news development

ITC Share Price: Experts give 'share to buy' tag; predicts up to 25% profit in three months

COVID-19: India records 18,711 new cases

EaseMyTrip IPO Review: Issue opens on Monday! 'SUBSCRIBE' say experts; check details like important dates, price band, lot size, many more

Twitter CEO and billionaire Jack Dorsey puts his 1st tweet on sale, bid reaches Rs 2 cr

Delhi to have its own school education board; Arvind Kejriwal says focus will be on providing jobs, proposes this unique exam pattern

Andhra Pradesh trade body to promote IP rights, registration for MSMEs

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved