<p>Flipkart co-founder Sachin Bansal has invested Rs 650 crore in ride-hailing firm Ola.</p>.<p>Bansal, who is richer by $1 billion after leaving Flipkart following the acquisition of the e-commerce major by Walmart in May last year, has been in talks with several startup companies to invest.</p>.<p>According to documents accessed from data intelligence firm Paper.vc, Bansal has picked up 70,588 fully and compulsorily cumulative Series J preference shares having a face value of Rs 10 at a premium of Rs 21,240 per share. The fund infusion is part of the Series J round of funding into the ride-hailing company. Recently, Ola also raised Rs 520 crore from existing investor Steadview Capital, the documents from Paper.vc showed.</p>.<p>The last round of fundraising by Ola was $1.1 billion from China's Tencent Holdings and existing investor SoftBank Group in October last year.</p>
<p>Flipkart co-founder Sachin Bansal has invested Rs 650 crore in ride-hailing firm Ola.</p>.<p>Bansal, who is richer by $1 billion after leaving Flipkart following the acquisition of the e-commerce major by Walmart in May last year, has been in talks with several startup companies to invest.</p>.<p>According to documents accessed from data intelligence firm Paper.vc, Bansal has picked up 70,588 fully and compulsorily cumulative Series J preference shares having a face value of Rs 10 at a premium of Rs 21,240 per share. The fund infusion is part of the Series J round of funding into the ride-hailing company. Recently, Ola also raised Rs 520 crore from existing investor Steadview Capital, the documents from Paper.vc showed.</p>.<p>The last round of fundraising by Ola was $1.1 billion from China's Tencent Holdings and existing investor SoftBank Group in October last year.</p>
