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| 3 minutes read

3 minutes read

Here’s A Look At Sachin Bansal’s Investments After His Flipkart Exit

| Published on September 28, 2019

Sachin Bansal is back and with a bang! 

Flipkart co-founder and former CEO Sachin Bansal exited from the company after its $16 billion acquisition by global retail giant Walmart in 2018. He sold his 5.5% stake and the position in the e-commerce giant for $1 billion.

Sachin Bansal's

It is now almost after a year that Bansal has finally taken over the same position but not in Flipkart instead CRIDS after buying a majority stake in the micro-finance company.

In a note that he released right after his exit from the company he had built for 10 years, Bansal had said that he would time on ‘pending projects, gaming and brushing up his coding skills’.

While he made personal investments even while running Flipkart, he later founded a firm called BAC Acquisitions.

Here’s a look at all of his investments since his much talked about exit from Flipkart.

1. CRIDS

Bansal bought a 94% stake in the Bengaluru-based microfinance company Chaitanya Rural Intermediation Development Services (CRIDS). As he took over the role of CEO, Bansal in a statement called it his ‘entry into financial services’.

2. OLA

Bansal had invested a whopping $21 million, his biggest investment into the cab unicorn Ola after his exit from Flipkart. Bansal’s investment fetched him 70,588 series J preferred shares at a price of ₹21, 250 per share.

3. boAT

Bansal made an offbeat investment in the renowned audio brand, boAT via his founded company BAC Acquisitions. The company received ₹20 crores as a part of venture debt.

The three-year-old boAt has already registered ₹100 crores registered ₹100 crore revenue in FY’18 and is eyeing ₹500 crores in the next couple of years.

4. Piramal Enterprises

Bansal invested ₹200 crore in Piramal Enterprises’ debt and subscribed to its non-convertible debentures (NCDs). The company will infuse these new funds into its financial services sector.

5. Ather Energy

Bansal also invested in a Bengaluru-based electric bike startup, Ather Energy. While the exact amount invested is not known, he led the $51 million round. As an angel investor, he had in the year 2014 invested $0.5 million in the startup. The startup claims to be one of India’s first startups to manufacture electric vehicles. In June 2018, the startup’s first bike Ather 450 hit the market.

6. Vogo and Bounce

Bansal invested $3 million into each of these scooter rental startups through his firm BAC Acquisitions in April this year. Interestingly, his other investment Ola had also pumped in a major $100 million into Vogo. With that, Vogo’s scooters are also listed on Ola for rental while Bounce is backed by Sequoia Capital and Accel Partners.

7. NBFCS

Bansal invested in two non-banking financial companies – Altico Capital India and IndoStar Capital Finance earlier this year in February. 

In the same month, ET said that Bansal reportedly made queries at the Reserve Bank of India, to understand the regulations necessary to start a bank.

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