Flipkart co-founder Sachin Bansal likely to sell $100-million stake in Bhavish Aggarwal’s Ola: Report

Flipkart co-founder Sachin Bansal plans to sell his stake in Bhavish Aggarwal’s Ola. Bansal, who invested $100 million in the ride-hailing company in 2019, wants to sell the stake, The Economic Times reported Tuesday.

The deal will be finalised on the basis of valuation. The report said Bansal has asked for a premium by valuing Ola at nearly $4 billion to sell his stake. During the time of investment, the company was reportedly valued at $3 billion.