Sachin Bansal invested Rs 740cr in non-bank finance company CRIDS
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Sachin Bansal, the co-founder and former CEO of Flipkart has invested Rs 740cr in non-bank finance company Chaitanya Rural Intermediation Development Services Private Limited (CRIDS) that provides access to credit for the under-banked population in five states in India. Bansal will also be the chief executive of this firm. Bansal has said that this acquisition is their first step into the financial services.