Bhavish Aggarwal’s brother to make $16.5 Mn in shares & cash in Ola-avail deal
Image Credit: Inc42
Ankush Aggarwal, the founder of Avail Finance, will make $16.5 Mn in shares and cash from the Ola-Avail Finance deal. Bhavish Aggarwal-led ANI Technologies, the parent company of Ola, is acquiring neobank Avail Finance for $49.6 Mn. Ankush is the brother of Bhavish. Ola owned 9% shares in Avail Finance and will now be acquiring the remaining 88.8% stake in the startup.