The Indian Wire » Startups » Sachin Bansal invests ₹25 cr in Bengaluru-based Chaitanya India Finance

Sachin Bansal invests ₹25 cr in Bengaluru-based Chaitanya India Finance

Sachin Bansal, co-founder of Flipkart, has infused ₹25 crore in Chaitanya India Finance, cited yourstory.

According to the sources, around 250 shares of the company have been allotted to Bansal, with a face value of ₹10 lakh each as unrated non-convertible debentures.

As per the media reports, Bansal will have a bigger hand in the company after the investment since he has now acquired a larger stake in the firm.

While, Chaitanya India Finance is a Bengaluru-based micro-finance company run by Chaitanya Rural Intermediation Developments Services and it was founded in 2009.The company currently operates across Karnataka, Maharashtra, and Bihar.

The company provides joint liability group loans along with financial literacy programmes to rural communities in the three states.

Furthermore, Bansal, after deboarding the Flipkart, has been actively investing in several startups across the sectors.

For instance, he joined hands with former investment banker Ankit Agarwal and formed a company named BAC Acquisitions, which has made investments in companies such as Bounce and KrazyBee.

Also, in early 2019, Bansal invested $93 million in Ola, which is being seen as one of his largest round of investments.

His other major investments in Indian startups include Ather Energy, Sigtuple, and Unacademy.

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Suviral Shukla

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