Sachin Bansal began investing in local startups since 2014 and since then, he has made investments amounting to more than $8 billion.
Sachin Bansal, who co-founded Indian e-commerce major Flipkart, has been on an investment drive. Bansal exited Flipkart in 2018 after Walmart acquired a 77 percent stake in the Bengaluru-based company in a $16 billion deal. In his Facebook post in May, he said he is taking some time off and is going to focus on personal projects.
In a few months, Bansal incorporated a venture capitalist firm BAC Acquisitions in December 2018. The company aims to develop and provide services through internet and mobile platforms to cater to a number of industries which include data sciences, healthcare, among others, It is also looking to expand in artificial intelligence.
He has been infusing funds in local startups since 2014 and has so far invested over $8 billion, according to data collated by Crunchbase. His latest personal investment was in Ola on Tuesday, where he pumped in Rs 650 crore or $92 million. This was his second investment in the cab aggregator startup this year and 12th investment in total.
Here is a chronology of his investments
2014
In 2014, Sachin Bansal invested in two local startups — Ather and SpoonJoy. Ather is an electric vehicle startup based in Bengaluru, that was set up in 2013. The startup is designing and developing high-speed electric two-wheelers, mainly scooters.
For Ather, Sachin and Binny Bansal together invested close to Rs 6.1 crore or $1 million at the time.
SpoonJoy, another Bengaluru based startup, offers weekly subscription service to users and delivers healthy food as per the user’s choice. The amount invested in this startup, according to archives, remains undisclosed.
2015
Bansal had made investment in Inshorts, Tracxn and Plabro Networks in the months of February, June and September, respectively in 2015.
Inshorts, the Noida-based news startup set up in 2013, received $4 million funding from Bansal, according to the data. The startup aims to deliver top news in less than 60 words.
Bansal infused $10 million in Bengaluru-based startup Tracxn, the data said. The startup, formed by former venture capitalists, aims to connect upcoming and budding entrepreneurs with stakeholders of the sector they are looking to grow their business in.
In Plabro Networks, Bansal pumped in $350,000. The Gurugram-based startup set up a communication app for real estate brokers, property agents and dealers.
2016
In 2016, the data said, that Bansal has invested in two startups — SigTuple and Unacademy, in the months February and August, respectively.
Bansal infused an undisclosed amount in SigTuple, a Bengaluru-based startup that uses Artificial Intelligence screening solutions and analysis to aid diagnosis and collate visual medical data.
In Unacademy, Bansal invested $1 million. The startup is based out of Bengaluru and focuses on learning through technology.
2017
Bansal, in 2017, invested in the same startups he invested in the previous year — Unacademy and SigTuple, in the months of January and February with amounts $4.5 million and $5.8 million, respectively, the data said.
2018
No investments were made by Bansal were made in this year. This was the year Bansal had decided to take some time off and had stepped down from his own startup, Flipkart.
2019
Within two months of this year, Bansal made three investments.
He invested in Ola, twice, in January and February. In January, he also invested in his own venture, BAC Acquisitions.
Bansal invested $6.7 billion in Ola in the previous month and $92 million on Tuesday. In BAC Acquisitions, Bansal infused $7 million.
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