Sachin Bansal boards Ola with Rs 150 crore

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 Times of India http://bit.ly/2RPdK3z