Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report

INSUBCONTINENT EXCLUSIVE:
Sachin Bansal left Flipkart last year after US-based Walmart picked up a majority stake in company
Flipkart co-founder Sachin Bansal has pumped in about Rs 650 crore in ride-hailing platform Ola, news agency Press Trust of India reported,
quoting documents filed with Corporate Affairs Ministry
The investment from Mr Bansal comes as Ola is locked in a battle for market leadership with US-based rival Uber in India and other markets
such as Australia, New Zealand and UK
Mr Bansal quit e-commerce major last year, after US-based Walmart acquired a majority stake in Flipkart in a $16-billion deal