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Sachin Bansal is in talks to sell $100 million investment in Ola at a premium

Economic Times · 5m

Flipkart cofounder Sachin Bansal is in discussions to sell his $100 million stake in Ola, seeking a premium and valuing the company at about $4 billion. Bansal's sale aims to focus resources on his fintech venture, Navi. Ola's valuation has recently decreased significantly, and Bansal's decision comes as the company plans an IPO. These talks coincide with regulatory challenges faced by Navi and plans for its growth despite previous fundraising setbacks.