sachin bansal

Gurgaon's civic infrastructure development faces significant setbacks as a review of road projects reveals widespread delays and stalled work. Two contractors, sachin bansal and Ravindra India Projects Pvt Ltd, are behind schedule on multiple projects, some by over a year, prompting the MCG to issue notices and impose penalties.

sachin bansal, the poster boy of the Indian start-up scene who cofounded India’s largest online retail company Flipkart in 2007, is back to running a business again. This time, Bansal has acquired majority control in the non-banking financial company (NBFC) Chaitanya Rural Intermediation Development Services.

“Bansal is also talking to other small shareholders in the company to buy their stakes to increase his holding,” said one of the sources briefed on the deal. The Bengaluru-based company has a loan portfolio of Rs 390 crore and 2.5 lakh active borrowers. Chaitanya could be valued at Rs 760 crore in the transaction, said sources in the microfinance industry, but this could not be independently ascertained.

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date. In Jan, Ola had issued shares worth Rs 150 cr to Sachin as part of series J round of funding. Sachin, who founded Flipkart over a decade ago had quit after US retail behemoth Walmart picked up 77% stake in the Indian e-commerce company for $16 billion.

sachin bansal has resigned from the board of Ujjivan Small Finance Bank Ltd citing that an entity owned and controlled by him has applied for a universal banking licence, according to a regulatory filing.

sachin bansal-led Navi Technologies will acquire DHFL General Insurance Ltd (DHFLGI) for an undisclosed amount. DHFLGI, Wadhawan Global Capital Ltd and Navi Technologies had entered into a share purchase agreement dated January 2, 2020 for the transaction, according to a notice in a newspaper.

Last month, regulatory filings had shown Bansal already putting in about Rs 150 crore in the homegrown cab-hailing firm. Ola co-founder Bhavish Aggarwal took to Twitter to announce this investment which is being seen as a landmark for the domestic startup ecosystem.

Flipkart co-founder sachin bansal’s firm BACQ has invested Rs 20 crore in daily grocery delivery service, Milkbasket.

Flipkart co-founder sachin bansal is steadily firming up his bets in the financial services space with the latest move being a debt investment of Rs 50 crore in consumer lending startup Kissht, said sources directly aware of the matter. As reported by TOI in April, regulatory filings also showed Bansal has put Rs 25 crore in microfinance firm Chaitanya India Finance.

sachin bansal, Flipkart founder, is in talks to liquidate his stakes in Ola at a $4 billion valuation ahead of its planned IPO. This follows his recent sale of Ather Energy shares, and is part of his strategy to fund Navi's growth. Investors are seeking clarity on Ola's IPO, specifically the offer-for-sale component.

sachin bansal acknowledged his dissatisfaction with leaving Flipkart after Walmart's acquisition, labeling it as 'unfinished business.' Bansal faced disagreements with Walmart's focus on short-term sales. He now channels his ambition into Navi, a financial services startup, still aiming to create a large-scale impactful platform.

Flipkart co-founder sachin bansal has said that he will deploy all the proceeds from the sale of his stake in the e-commerce player into his financial services venture Navi Technologies, which has applied for a universal banking licence with the Reserve Bank of India (RBI). Bansal could likely invest $400-450 million in the new venture.

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.

Flipkart co-founder sachin bansal’s Navi Technologies is expected to file its draft papers for a Rs 4,000-crore IPO with market regulator Sebi in the next few days, sources told TOI. It plans to go public in June.

The sachin bansal-promoted Navi Technologies is in talks with promoters of private life insurance companies to acquire a stake. This follows its acquisition of DHFL General Insurance. The group is understood to have held talks with promoters of Future Generali Life Insurance for a possible acquisition. It is also looking at DHFL Pramarica Life Insurance, which is on the block.