Bansal, who sold his remaining stake in Flipkart last year netting about $650 million, has made about $25 million in additional investment in Curefoods as part of a funding round of $60 million. This lifted his stake to 18% from 12% in the Bengaluru-based firm. The round valued Curefoods at around $375 million.
Fresh from his exit from the board of Flipkart in January, the online retailer’s cofounder is busy doubling down on his investments in India and his latest startup OppDoor, multiple people aware of the matter said.Bansal, who sold his remaining stake in Flipkart last year netting about $650 million, has made about $25 million in additional investment in Curefoods as part of a funding round of $60 million. This lifted his stake to 18% from 12% in the Bengaluru-based firm. The round valued Curefoods at around $375 million.Bansal made the investment by buying out Cultfit’s remaining stake in the cloud-kitchen platform and those of select angel investors, the people said, adding the company received nearly $10 million in primary capital too. In a secondary share sale, the capital does not come to the company and instead goes to selling investors. Simultaneously, Bansal is hunting for CEOs to spearhead his new businesses — OppDoor, and a venture that offers offshore legal services to US brands for selling globally.
