Sachin Bansal may set up $1 bn VC fund, front 40% capital from his pocket

His inauspicious exit from Flipkart came soon after Walmart agreed to buy 77% stake in the company for $16 billion

Flipkart co-founder and former chief executive Sachin Bansal could be mulling to set up a $700 million - $1 billion venture capital fund through which he will invest in startups, according to a Livemint report on Friday.

Bansal, who announced that he was parting ways with Flipkart in May, is expected to make a little more than $1 billion upon selling his entire 5.5 per cent stake. The Mint report cited people saying that Bansal could front up to 40 per cent of the capital for the VC fund from his own pocket.

Calls made by Business Standard to Sachin