A week after it raised $74 million from existing investor Steadview Capital, according to documents filed with the Registrar of Companies (RoC) sourced from data intelligence firm PaperVC, Flipkart co-founder Sachin Bansal has reportedly invested Rs 150 crore in ride hailing firm Ola

Bansal, who is also setting up a $1 billion fund, has invested in his individual capacity.

ANI Technologies Pvt, which owns and operates Ola, is allotting 70,588 fully and compulsorily cumulative Series J preference shares having a face value of Rs 10 at a subscription price of Rs 21,240 to Bansal. According to a source privy to the development, this money is part of a larger round size of Rs 650 crore which is to come from Bansal. However, RoC has not been updated with other documents as yet.

Ola earlier announced a fund-raise of $1.1 billion from China’s Tencent Holdings and existing investor SoftBank Group in October last year and said it was in talks to raise another $1 billion.