Flipkart co-founder Sachin Bansal has invested Rs 150 crore in Ola. Bansal has bought 70,588 preference shares valued at Rs 21,250 each. This is part of a bigger funding round for Ola, which values the firm at $5.7 billion. Bansal made about $1 billion by selling his stake to Walmart and has set up a new company that will make fresh investments in startups.
from The Times of India http://bit.ly/2VSTLQN
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