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Sachin Bansal invests Rs 650 crore in Ola

Co-founder of Flipkart Sachin Bansal has invested approximately Rs 650 crore in Ola, giving it more ammunition for competing with rival Uber.

The ride-hailing company released a statement mentioning that the investment is in the personal capacity of Sachin Bansal and is also the largest financing till date by an individual in Ola.

Sachin Bansal told that Ola is one of the country’s most promising consumer businesses with the ability to create deep impact and lasting value for the ecosystem. This Indian company has been recently ramping up its rides business aggressively as well as healing food delivery and platform operations.

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