The Flipkart Co-Founder Sachin Singh invests Rs200 crores in Piramal Enterprises Ltd. In this article, we will tell you each and everything about Sachin Singh who is a really great risk-taker and makes risky investments. We will also talk about why he made a decision of investing Rs200 crores in Piramal Enterprises Ltd.
The reason why Sachin Singh invests Rs200 crores in Piramal Enterprises Ltd is to diversify his investment portfolio by placing his bets on financial services of the business. As per a report, he invested a total of Rs 200 crores in debt issue of Piramal ltd through non-convertible debenture issue.
Last year, Flipkart decided to become a part of Walmart. In that deal, Sachin Singh sold his Flipkart stake of 5.5% to Walmart gaining a total of $1 billion out of $16 billion deal. Since then he has found a new company named BAC Acquisitions. This company has made a lot of investments in the past year. Some of these are in Bounce, Krazybee, etc.
One of the recent investments made by BAC Acquisitions is in Ola in which Sachin Singh invested $93 million. One being asked about his decision he said “I am taking a long-term view with this Ola investment. Someone rightly said that if you think less than two years, it is all a speculation, it is not really investing. Investing means you have to be there.”
Some other major investments by Sachin Singh are in Ather Energy, Sigtuple, and Unacademy. There have been rumors that he would acquire a majority stake in micro-finance institution Chaitanya Rural.
Well, Sachin Singh’s is an inspiring story to people who think about making a career in such ventures. However risky, with a good mind and a healthy positive attitude, everything can be made alright.
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