In brief: Ola snags $91m from Flipkart co-founder

Ride-hailing platform Ola confirmed an investment of 6.5 billion rupees (US$91 million) from Sachin Bansal, co-founder of Flipkart. The investment is part of Ola’s larger series J funding round and was made by Bansal in his personal capacity as an investor.

Source: Ola

Bansal also invested 1.5 billion rupees (US$21 million) in Ola in January this year.

Currency converted from Indian rupees. Rate: US$1 = INR 71.50