Back in 1998, Ashish Gupta and his business partners sold their start-up—price comparison site Junglee—to Amazon for $240 million. Exactly two decades later, Gupta stands to make roughly $20 million from a deal involving two bitter Amazon rivals—Walmart’s $16 billion buyout of Flipkart. Gupta was the first angel investor in Flipkart, investing Rs10 lakh in it in 2009.
Gupta is founder of venture capital firm Helion Ventures, which was dismantled in 2016 after a string of executives left to launch their own funds. But what’s not known is Gupta is also one of the most successful angel investors in India.
Gupta doesn’t make many angel investments but he has acquired a reputation of Continue reading