Temasek Holdings

This deal may reportedly be the largest personal investment by an individual in India

The investment will cost 10% of Bansal’s earnings from the Walmart-Flipkart deal

With this, Bansal may make an entry into Ola as a stakeholder

Ola is currently valued at about $4 Bn

Temasek is already in the process of becoming a shareholder in Ola through a secondary deal worth over $200 Mn

Temasek has decided to complete the secondary share purchase first, said a source

The Temasek backing, which will bestow more powers to the Ola cofounders, is subject to the approval of the CCI

The Temasek transaction is being carried out through a special purpose vehicle in Singapore — Lazarus Holdings

Recently, reports surfaced that Temasek has purchased a large single-digit stake in Ola for around $225 Mn

If the talks materialise, the deal will value BYJU'S at $2.2-2.4 Bn

The edtech startup was earlier in talks with SoftBank and other investors to raise $200-250 Mn

BYJU’S is the first edtech startup to enter the billion dollar club

Temasek is also in discussions with Ola’s management to pump in more money into the company by subscribing to new shares

The stake was purchased from a group of early investors in the company

The new funding will enable Ola founder Bhavish Aggarwal to diversify the company’s shareholder base

• The share sale has valued the company at around $2.5-3 bn and was completed around May-end.
• This enabled large-scale Esop (employee stock ownership plan) encashment for former and early employees of Ola
• Ola is looking to raise funds from Temasek in a separate deal which will be a combination of primary and secondary capital

• Temasek Holdings is looking to strengthen its Indian commitments through sector-focused investment platforms
• Temasek will invest make long-term investments of around 10-15 years
• These investments will be managed by its Singapore team

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