After Ola investment, Sachin Bansal may be venturing into fintech space

Flipkart co-founder Sachin Bansal who invested about Rs 650 crore in ride-hailing company Ola earlier this week, is now reportedly venturing into the Indian financial services sector.

According to the Economic Times, Sachin Bansal has been in discussions with financial experts on the potential to launch a new venture in the fintech sector. He has reportedly met a few executives at the Reserve Bank of India to figure out the regulatory needs to be eligible to start a bank. To be eligible for a banking licence, according to RBI rules, the promoters must bring in equity of at least Rs 500 crore and have the experience of successfully running a business venture for at least 10 years.