Ashish Gupta, who was the first angel investor in Flipkart, will have turned an initial investment of Rs. 10 lakh into a staggering Rs. 130 crore after Flipkart was acquired by Walmart, reports Hindustan Times. Gupta had written a cheque for Rs. 10 lakh for Sachin and Binny Bansal when they were raising their first round from Accel Partners in 2008.
Ten years later, the investment has earned him a 130000% return, which translates into an astonishing annual return of 104% over the entire period.