Sachin Bansal sets sights on Fin & Agri tech to stage comeback

The Flipkart cofounder will establish a holding company through which he will run his new businesses and make investments, said two people familiar with his plans.

The Flipkart cofounder will establish a holding company through which he will run his new businesses and make investments, said two people familiar with his plans. Bansal, 37, has brought in Ankit Agarwal, whom he has known from his IIT-Delhi days, as a partner and founding employee of this platform, they said.


Bansal, who exited Flipkart in May following Walmart’s acquisition of a majority stake in it, will directly operate his new businesses as well as invest for large minority and majority stakes in the agri-tech and fintech segments, these people said.

“They are evaluating multiple segments as well as investments in both these areas (agri-tech and fintech) to understand them better. These two focus areas are where Bansal is expected to deploy a large chunk of his capital,” one of them said, adding, “The time frame for when the (holding) company will be launched is not clear yet.”

Bansal did not reply to calls and messages from ET seeking comment. Agarwal could not be immediately contacted.

Agarwal was until recently a director at Bank of America, where he worked on interest rate trading. Prior to that, he was employed with Deutsche Bank.