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Flipkart Co-Founder Sachin Bansal Invests Rs. 650 Crore In Ola: Report
14 Jan 2019, 05:32 PM IST i

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Sachin Bansal left Flipkart last year after US-based Walmart picked up a majority stake in the company
"...70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... is hereby allotted at a subscription price of Rs 21,250," the documents showed, according to Press Trust of India.
That translates into an investment of about Rs 150 crore by Mr Bansal in the company.
Mr Bansal is pumping in Rs 650 crore in total, and the Rs 150 cror...
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