Flipkart co-founder Sachin Bansal plans raising up to $1 billion VC fund

Sachin Bansal, co-founder, Flipkart. Photo: Hemant Mishra/Mint

Flipkart co-founder and former chief executive Sachin Bansal is considering raising a fund of $700 million-$1 billion for investing in startups, two people familiar with the matter said. Bansal, who is set to make $1 billion in cash after leaving Flipkart in May, could contribute up to 40% of the fund, the people cited above said. The Flipkart co-founder is also considering investing in, and running, an artificial intelligence startup, the people said. Mint could not ascertain the name of the startup.

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