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Sachin Bansal, who left Flipkart in 2018 invested INR 650 crores ($92 million) in Bengaluru based ride-hailing company ‘Ola’ which turns out as the largest investment made by an individual in the fundraising.
We’ve all known Flipkart to be a successful e-commerce giant. However, the founder of Flipkart, Sachin Bansal didn’t have it easy at all points.
There is a growing sense of uneasiness within the Flipkart investors as they realize India’s top e-commerce firm to be overvalued. It is still to be seen by how much margin.
The story of how the two men started with just two laptops and grew to its current size is inspirational. At the time of raising $1-billion last year, the Bansals’ combined stake of around 15 per cent in Flipkart was valued at Rs 6,000 crore (Rs 60 billion).
The ongoing e-commerce war spilled over to Twitter on Friday, when Sachin Bansal, co-founder of India's largest online retailer Flipkart, made a direct jibe at competitors - Snapdeal and Paytm.