Sachin Bansal, the co-founder of Flipkart, has invested in several ventures since its exit from the eCommerce company. Bansal had walked away with nearly $1 billion after selling Flipkart to Walmart for $16 billion.
He has planned to invest that money in different businesses and projects. According to Venture Intelligence, which tracks venture capital and private equity investments, Bansal has made $53 million worth of equity investments mainly in Ola and Ather Energy. While also making a number of debt investments after his exit from Flipkart.
Earlier in the year, Bansal invested $21 million in Ola. He has committed to invest up to Rs 650 crore or nearly $100 million in the company. In May, Bansal pumped in $32 million in e-scooter maker Ather Energy.
Sachin has in fact set up BAC Acquisitions as a holding company to direct debt investments through. And so far, these investments have been largely focused on the financial sector along with the mobility space.
Some members of the industry feel Bansal’s focus this time may not be on angel investment but on building a strong portfolio in the financial services sector.
While Bansal seems to be making a profession out of investing after the Flipkart era, he had been an active angel investor even during his Flipkart days, having made nearly 20 angel investments in a range of startups such as Unacademy, Team Indus and Tracxn.