27-Nov-18, Asia Times

After moving on from the e-commerce giant he founded following its takeover by Walmart, Sachin Bansal is reportedly looking to invest in agriculture technology and financial technology.

Indias Flipkart co founder eyes fintech agritech sectors (c) AFP

Image: AFP

He plans to set up a holding company through which he will establish new businesses and make fresh investments. Bansal has brought in Ankit Agarwal, a veteran of American Express and Deutsche Bank, as a partner.

After Walmart took over control of Flipkart, Bansal sold his 5% stake for nearly USD1 bn, of which he may have retained nearly USD750 mn, after taxes.

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