After Ola investment, Sachin Bansal backs scooter sharing start-up Vogo

Vogo is also betting big on India's growing traffic congestion

Sachin Bansal, the co-founder of e-commerce major Flipkart, is backing scooter-sharing start-up Vogo. He has invested an undisclosed amount in the Bengaluru-based company, which is trying to solve micro-mobility issue, sources familiar with the development said.

“It is a debt investment. Sachin’s (Bansal) treasury department is managing some of his money and investing in a bunch of start-ups,” said a person familiar with the matter. Bansal could not be reached for comments. 

Walmart’s $16-billion investment in Flipkart last May for an initial stake of 77 per cent not only provided blockbuster exits to the investors but also made the founders — Sachin