Flipkart co-founder Sachin Bansal has picked up a stake in Chaitanya Rural Intermediation Development Services (CRIDS) and has pumped in Rs 739 crore in the non-banking financial company
Sachin Bansal invests Rs 650 cr in Ola, move to give ride-hailing firm more ammo to compete with Uber
Sachin Bansal, who founded Flipkart over a decade ago with Binny Bansal, had quit after US retail behemoth Walmart picked up 77 percent stake in the Indian e-commerce company for $16 billion
Walmart-Flipkart: Alphabet, US retail giant likely to buy up to 75% stake; deal to be announced before end of week
Sources said that Flipkart Group Chief Executive Binny Bansal held a closed-door meeting with the firm’s top leadership at its Bengaluru headquarters on Monday, and one added that Bansal said that Flipkart co-founder Sachin Bansal would exit after the Walmart deal is sealed.