Flipkart co-founder Sachin Bansal invests ₹650 cr in Ola

/2 min read

ADVERTISEMENT

This is the largest investment by an individual in Ola till date.
Flipkart co-founder Sachin Bansal invests ₹650 cr in Ola
Bhavish Aggarwal, co-founder and CEO, Ola, and Flipkart co-founder Sachin Bansal. Credits: Ola

The country’s largest cab-hailing service provider, Ola, on Tuesday said that it has raised ₹650 crore ($92 million) from Flipkart’s co-founder Sachin Bansal.

The investment is part of Ola’s larger Series J funding round and is in Bansal’s personal capacity as an investor.

“Ola is one of India’s most promising consumer businesses, that is creating deep impact and lasting value for the ecosystem. On one hand, they have emerged as a global force in the mobility space and on the other, they continue to build deeper for various needs of a billion Indians through their platform, becoming a trusted household name today,” Bansal said in a statement.

Last year when U.S. retail giant Walmart acquired a 77% stake in e-commerce firm Flipkart for $16 billion, Sachin Bansal exited Flipkart by selling his stake in the company for a reportedly $1 billion.

Bhavish Aggarwal, co-founder and CEO, Ola said, “His (Sachin Bansal) 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.”

Fortune India Latest Edition is Out Now!
India's Top 100 Billionaires

August 2025

As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.

Read Now

Last year in September, Ola, which is run by Bengaluru-based ANI Technologies raised $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF). The funding round then valued the company at nearly $4.3 billion. In 2017, Ola raised $1.1 billion from Tencent Holdings Ltd and existing investor, SoftBank Group Corp.

Large funding rounds has almost become a norm in the Indian startup space, particularly by unicorns (or startups with valuation of over $1 billion). Ola’s fund raise comes at a time when the company is aggressively working towards substantiating its lead against rival Uber Technologies in the domestic market and ramping up its presence in overseas markets to create a worldwide cab-hailing service. It is also building a food delivery business where it competes with companies like Zomato, UberEats, and Swiggy.

Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola has a presence across 125 cities including those in India, Australia, New Zealand and the U.K.

Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.