Flipkart co-founder Sachin Bansal likely to sell $100-million stake in Bhavish Aggarwal’s Ola: Report
2 days, 1 hour ago

Flipkart co-founder Sachin Bansal likely to sell $100-million stake in Bhavish Aggarwal’s Ola: Report

Live Mint  

Flipkart co-founder Sachin Bansal plans to sell his stake in Bhavish Aggarwal's Ola. The report said Bansal has asked for a premium by valuing Ola at nearly $4 billion to sell his stake. The report said, citing people sources, that Bansal's proposed stake sale in the company has been discussed with a group of large family offices and private investment units of investors in public markets. Bansal is selling his stake in Ola to invest in Navi, the report said, citing people close to Bansal.

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History of this topic

Sachin Bansal on his fintech startup Navi after Flipkart: ‘Working 80-100 hours a week, no WFH’
9 months ago

Sachin Bansal on his fintech startup Navi after Flipkart: ‘Working 80-100 hours a week, no WFH’

Hindustan Times  

Flipkart co-founder Sachin Bansal talked about his fintech startup Navi and said that he is putting in 80 to 100 hours a week. He also said that he can even be found working on the weekends quite often, adding, “Sometimes people hate me.” Sachin Bansal founded Navi in 2018, just months after quitting Flipkart. Flipkart co-founder Sachin Bansal talked about …

‘Company in capable hands’: Binny Bansal steps down from Flipkart board
11 months, 1 week ago

‘Company in capable hands’: Binny Bansal steps down from Flipkart board

Hindustan Times  

Binny Bansal is exiting the board of Flipkart, the e-commerce firm founded by him and Sachin Bansal in 2007, he announced on Saturday, ending his association with the Bengaluru-headquartered company, which was acquired by Walmart in May 2018 for $16 billion. Binny Bansal "I am proud of the Flipkart Group's achievements over the past 16 years. Flipkart on Binny Bansal's …

Binny Bansal resigns from Flipkart board, to start new e-commerce venture: Report
11 months, 1 week ago

Binny Bansal resigns from Flipkart board, to start new e-commerce venture: Report

India TV News  

Binny Bansal, the co-founder of Flipkart, has officially resigned from the board of the e-commerce giant after recently selling his remaining stake in the startup. His departure follows earlier reports indicating his intention to re-enter the e-commerce space, following in the footsteps of his co-founder, Sachin Bansal, who left Flipkart a few years ago to pursue a fintech venture called …

Flipkart co-founder Sachin Bansal challenges ED probe in violation case
3 years, 4 months ago

Flipkart co-founder Sachin Bansal challenges ED probe in violation case

Hindustan Times  

Sachin Bansal, co-founder of e-commerce giant Flipkart, has mounted a court challenge against India's financial crime-fighting agency, which has accused him and others of violation of foreign investment laws, court records showed. The agency, the Enforcement Directorate, had in July issued a so-called show cause notice to Flipkart, its founders and some investors asking them to explain why they should …

Binny Bansal seeks to focus on mentoring and investing in startups
4 years, 10 months ago

Binny Bansal seeks to focus on mentoring and investing in startups

Live Mint  

Binny Bansal, the co-founder of e-commerce firm Flipkart, which is now part of the US retail major Walmart, “may remain focused on mentoring and investing in startups more than being an entrepreneur”, he said on Thursday in a fireside chat at the two-day Mint India Investment Summit. As the head of operations, and later in his role as the chief …

Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter
4 years, 11 months ago

Sachin Bansal resigns from Ujjivan Small Finance board. Full text of his letter

Live Mint  

Sachin Bansal has resigned as an independent director of Ujjivan Small Finance Bank. The Flipkart co-founder said that he is resigning from Ujjivan Small Finance Bank's board "in the interest of propriety and corporate governance as an entity owned and controlled by him has made an application to the Reserve Bank of India for a universal banking license." Ujjivan Small …

Sachin Bansal applies for a banking licence amid big finserv push
4 years, 11 months ago

Sachin Bansal applies for a banking licence amid big finserv push

Live Mint  

Flipkart co-founder Sachin Bansal, through his investment firm Navi Technologies, will focus on the financial services sector, including insurance and banking. CIFCPL has applied for the licence to go beyond financial inclusion by making banking simple, accessible and affordable via a consumer-centric and technology-driven approach, Navi Technologies said in a statement on Friday. “Our vision is to go beyond what …

Sachin Bansal to open his third innings as CEO. Can he repeat Flipkart success?
5 years, 3 months ago

Sachin Bansal to open his third innings as CEO. Can he repeat Flipkart success?

Live Mint  

Bengaluru: Flipkart co-founder Sachin Bansal is embarking upon his third journey as a chief executive. Bansal, who had a 5.5% stake in Flipkart, made more than $1 billion from the deal, and late last year he started BAC Acquisitions Pvt. Through BAC, he has invested ₹250 crore each through debt in non-banking financial companies Altico Capital India Ltd and IndoStar …

Sachin Bansal acquires majority stake in micro-lender CRIDS for ₹739 crore
5 years, 3 months ago

Sachin Bansal acquires majority stake in micro-lender CRIDS for ₹739 crore

Live Mint  

Mumbai: Flipkart co-founder Sachin Bansal on Wednesday forayed into the financial services business by acquiring a majority stake in Chaitanya Rural Intermediation Development Services Pvt. Existing business units at Chaitanya Rural Intermediation Development Services will continue to operate without any significant change in management, according to the statement. Mint reported on 14 July that Bansal has invested ₹200 crore in …

Tiger Global raises stake in Flipkart; buys shares from Binny Bansal
5 years, 4 months ago

Tiger Global raises stake in Flipkart; buys shares from Binny Bansal

Live Mint  

Bengaluru: Flipkart co-founder Binny Bansal has sold $14 million worth of shares in the company to New York hedge fund Tiger Global, according to regulatory filings accessed through data intelligence platform Paper.vc. Bansal has transferred part of his holding to two Tiger Global funds – 47,759 equity shares to existing shareholder Internet Fund III Pte Ltd and 54,596 shares to …

Sachin Bansal’s investments post Flipkart exit
5 years, 5 months ago

Sachin Bansal’s investments post Flipkart exit

Live Mint  

Mumbai: Flipkart co-founder Sachin Bansal, after selling the online retailer to Walmart last year and raking in a personal fortune in billions of dollars, has made wide ranging investments - mostly debt and some equity. Altico Capital, IndoStar: Mint reported on February 25 that Bansal has invested ₹250 crore each, via debt, in non-banking financial companies Altico Capital India Ltd …

Sachin Bansal invests ₹200 cr in Piramal Enterprises’ debt
5 years, 5 months ago

Sachin Bansal invests ₹200 cr in Piramal Enterprises’ debt

Live Mint  

Flipkart co-founder and tech entrepreneur Sachin Bansal has invested ₹200 crore in debt paper issued by Piramal Enterprises Ltd. Bansal has subscribed to non-convertible debentures issued by Piramal Enterprises, which has business interests in pharma and financial services. Bansal’s loan to Piramal Enterprises follows investments by him in debt deals worth more than $100 million. In February, Mint reported that …

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL
5 years, 6 months ago

Binny Bansal sells Flipkart shares worth over $76 million to Walmart's Luxembourg-based entity FIT Holdings SARL

Firstpost  

Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart’s Luxembourg-based entity – FIT Holdings SARL New Delhi: Flipkart co-founder Binny Bansal has sold his shares worth over $76 million in the Indian e-commerce major to US retail giant Walmart. Bansal transferred more than 5.39 lakh of his Flipkart shares to Walmart’s Luxembourg-based entity – FIT Holdings SARL, …

Flipkart's Co-founder Sachin Bansal starts his new innings with this bank
5 years, 7 months ago

Flipkart's Co-founder Sachin Bansal starts his new innings with this bank

India TV News  

Flipkart's Co-founder Sachin Bansal has been appointed as an independent director of Ujjivan Small Finance Bank Limited that is planning to upgrade itself to establish itself as a mass-market bank. Also, read: Moto Z4 with Snapdragon 675 48MP camera and in-display fingerprint sensor announced This will be Ujjivan managements second big futuristic move and is also considered a sagacious one …

Why Ola founder Bhavish Aggarwal turned down $1.1 billion SoftBank deal
5 years, 9 months ago

Why Ola founder Bhavish Aggarwal turned down $1.1 billion SoftBank deal

Live Mint  

Startups, when they raise venture money to build their businesses, begin with a Series A round and then proceed through Series E, F or maybe G before going public. “Bhavish is spurning SoftBank money as he doesn’t want to get diluted out of Ola,” said Mohandas Pai, venture capitalist and former chief financial officer of Infosys Ltd. “Founders become employees …

Ola, Hyundai in talks for $300 million fund infusion
5 years, 10 months ago

Ola, Hyundai in talks for $300 million fund infusion

Live Mint  

Ola is in talks with Hyundai Motor Company for investing about USD 300 million in the cab-hailing platform, according to sources. A Hyundai Motors India spokesperson said the company is "open to cooperation with various potential partners but it is our policy not to comment on market speculation and rumours". In October last year, the company had announced raising USD …

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round
5 years, 10 months ago

South Korean automaker Hyundai Motor in talks with Ola, may invest $250 million in latest funding round

Firstpost  

The deal, which is at advanced stages of discussion, is likely to close in next few weeks. The investment will give Hyundai about a 4 percent stake in Ola South Korea’s Hyundai Motor is reportedly planning to invest $250 million in Bengaluru-based Ola, which will take the ride-hailing major’s valuation to over $6 billion, a media report said. In January, …

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