ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • 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
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • IRDAI sets a target of 5 years for life insurance companies for greater penetration; proposes state-level committee
  • Dalal Street Corner: Bank, FMCG stocks help Nifty clear crucial hurdle of 15,800; what should investors do on Tuesday?
  • Despite windfall tax, brokerages remain bullish on oil & gas stocks; see up to 70% upside on ONGC, Oil India
  • Rupee settles flat at 78.94 against US dollar
  • Akasa Air showcases crew uniform; conducts proving flight test
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

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
Written By: IANS
Updated: Tue, Jan 15, 2019
11:25 am
Bengaluru, IANS
RELATED NEWS
PhonePe prepping for IPO; seeks valuation of USD 8-10 billion PhonePe prepping for IPO; seeks valuation of USD 8-10 billion
Tencent buys stake worth USD 264 million in Flipkart from co-founder Binny Bansal Tencent buys stake worth USD 264 million in Flipkart from co-founder Binny Bansal
RBI rejects applications of Sachin Bansal-backed firm, 5 others for setting up banks RBI rejects applications of Sachin Bansal-backed firm, 5 others for setting up banks
India's used smartphone market to reach $10 billion by 2026 India's used smartphone market to reach $10 billion by 2026
Flipkart acquires ANS Commerce to strengthening e-commerce ecosystem in India Flipkart acquires ANS Commerce to strengthening e-commerce ecosystem in India

LATEST NEWS

Apple AirPods Pro 2 likely to come with USB Type-C charging case - Check details

Pricing flexibility, lower credit cost to help revive NBFC-MFIs profitability this fiscal: Report

Noise ColorFit Pro 4, ColorFit Pro 4 Max smartwatches launched; price starts at Rs 3,499

Global View: L&T, JSW Steel, Hindalco, and IndusInd Bank shares can give 30-61% return – Here is why

Dalal Street Corner: Bank, FMCG stocks help Nifty clear crucial hurdle of 15,800; what should investors do on Tuesday?

Windfall tax impact likely to continue on oil refining firms, says Anil Singhvi; believes RIL may see revenue, profit contraction

DMart share price: Retail chain company stock jumps 5% intraday on Q1 update – Morgan Stanley sees 28% upside – know reasons here

Stocks to buy today: Sigachi Industries, Sun Pharma, NFL and Federal Bank among list of 20 stocks for profitable trade on July 4

Solv raises USD 40 mn from Japan's SBI Holdings, others

Asia shares cautious as Wall St futures slip

  • 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
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV