Flipkart’s 1st Angel Investor Turns Rs 10 Lakh Investment Into Rs 130 Crore After Walmart Deal

Flipkart’s 1st Angel Investor Turns Rs 10 Lakh Investment Into Rs 130 Crore After Walmart Deal

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.

Read the full article here

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