Co-founder of Flipkart, Sanchin Bansal, has invested Rs 650 crore in Ola, which is the largest investment by any individual in the company. The investment is part of Ola’s larger Series J funding round and is in Sachin’s personal capacity as an investor.
Bhavish Aggarwal, Co-founder and CEO, Ola said, “His investment is a huge encouragement for all of us at Ola and our mission to serve a billion people.”
“I personally look forward to learning from Sachin’s journey, his mentorship and guidance, as we look to build one of the most impactful global businesses out of India,” he added.
Bansal, said, “I have known Bhavish as an entrepreneur and as a friend over these years and I have great respect for what he and the team at Ola have built in just eight years. I am personally thrilled to be part of the Ola journey and I look forward to contributing to their success.”
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