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Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola

Tuesday, February 19, 2019, 3:56 PM

Flipkart co-founder Sachin Bansal has invested about Rs.650-crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, Ola had issued shares worth Rs.150-crore to Sachin as part of series-J round of funding.
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Flipkart co-founder Sachin Bansal pumps Rs 150-crore into Ola

Tuesday, January 15, 2019, 7:42 AM

Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 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.
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Swiggy raises $1 billion in largest funding round till date

Thursday, December 20, 2018, 6:20 PM

Swiggy, which entered India's unicorn club earlier this year, has raised $1 billion in fresh capital from existing and new investors such as Naspers Ltd and Tencent Holdings Ltd, marking what is by far the biggest ever funding round in the country's booming food-tech sector. Of the $1 billion, $800 million will be primary capital or fresh funds.

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