Sachin Bansal invests 150 crore in Ola

Know who Bhavish Aggarwal is-CEO and Co-Founder of Ola Cabs

Bhavish Aggarwal born on August 28,1985, is an Indian entrepreneur and Co-Founder of Ola cabs.

Born on: 28th August, 1985, Ludhiana

Company Founded: Ola Cabs

Education: Indian Institute of Technology, Bombay

Sachin Bansal Invests 150 Cr. in Ola Cabs

Sachin Bansal and Bhavish Aggarwal became close over past two years on the fight against foreign investment in Indian startup ecosystem. Leading to which Sachin Bansal invests 150 Crores in Ola Cabs.Ola Cabs is now valued at $5.7 Billions.

Ola had raised $1.1 Billions in 2017 from China's Tencent Holdings and SoftBank at a valuation of $3.5-$4 Billions. Ola Cabs has been raising capital from new investors in order to reduce its dependence on SoftBank.

The biggest competitor of Ola in cab-hailing is Uber .Recently, Ola acquired food delivery startup Food Panda India and is in talks to raise $200 millions. Ola is also considering investments in e-pharmacy space. 

    

Ola Cabs is one of the Unicorn's of India.

To know what a Unicorn Startup is CLICK HERE.

Sachin Bansal- Co-Founder of Flipkart sold his entire 5% stake in Flipkart to Walmart for $1 Billion last year. TOI reported Bansal bought two new bungalows for 45 crores in Karnataka. Bansal has also filed for a company that will invest in startups. Even when he was in Flipkart he was an angel investor.

Sachin Bansal