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Sachin Bansal takes a ride in Ola, invests $21 million in cab-hailing firm

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Flipkart co-founder Sachin Bansal has invested Rs 150 crore (approx $21 million) in Softbank-backed ride hailing firm Ola, according to documents filed with the registrar of companies (RoC) which were sourced from Paper.vc. Bansal purchased 70,588 ‘Series J’ preference shares at a value of Rs 21,250 per share, the documents revealed. The investment will value Ola at $5.7 billion, similar to the valuation the company got when Steadview Capital invested $74 million in it, which was reported earlier this month.

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