Flipkart co-founder Sachin Bansal has invested Rs 149.99 crore ($21.18 million) in ANI Technologies Pvt. Ltd, which operates homegrown cab-hailing major Ola.
According to the company’s latest filings with the Registrar of Companies, the investment was made on 12 January 2019.
The current investment valued Ola at approximately $5.7 billion (Rs 40,355 crore at current rates), which is the same estimation during its $74-million funding round from Steadview Capital last week.
E-mail queries sent to Ola did not elicit a response at the time of filing this report.
The development comes a little less than eight months after Sachin Bansal quit Flipkart after Walmart bought the homegrown e-commerce major. It also comes amid recent media reports which stated that Bansal is likely to invest $100 million into Ola.