Sachin Bansal is back again in the start-up game with a new venture

Sachin Bansal, the co-founder of Flipkart, is back into the start-up game by having announced BAC Acquisitions Pvt. Ltd.,along with one his close batch mates from IIT Delhi, the investment banker Ankit Agarwal, with an Authorized Capital of Rs 1 crore and paid up capital of the same amount, as per the RoC filing. However, there is not much information about the nature of its business. Ankit Agarwal has served as the director at Bank of America in the past.

Before this, we had witnessed that Binny and Sachin together gave India the largest online shopping portal. These two took Flipkart from strength to strength in such a way that, now this made in India e-retailer is in a position to give stiff competition to even Jeff Bezos' Amazon in India.

Soon after US retailer Walmart acquired Flipkart for $16 billion, Sachin resigned and sold his stake, about 5.5 per cent worth for about $1 billion, in the company. According to Sachin, India’s problems are unique and the country needs to apply AI in the ecosystem to solve Indian problems. He plans to contribute 40 per cent to the fund in his own capacity.

In September, he had also expressed his keen interest in investing around $100 million in Bhavish Agarwal-led mobility firm Ola. Till February this year, Sachin had invested in seven ventures including Unacademy, Inshorts, Ather Energy, SpoonJoy with a total funding of $26 million.

Flipkart's credit of becoming India's largest online shopping portal was surely given to Sachin's hardwork. However, now Flipkart stands without its maker and is being led by US-based Walmart. 

It would be interesting to see what is being destined for BAC Acquisitions.