Washington: Founders of Indian e-commerce giant Flipkart have invested 1 million in Ather, a Chennai-based startup that develops high-speed electric scooters.
According to Tech Crunch, in addition to Sachin Bansal and Binny Bansal, who launched Flipkart in 2007, Ather`s seed round also included participation from Raju Venkatraman, the CEO of healthcare company Medall.
Sachin Bansal and Binny Bansal had previously invested in Touchtalent, a social network and marketplace for artists, since Flipkart received an astounding 1 billion dollars in funding three months ago.
Meanwhile, Binny Bansal has also participated in a funding round for Roposo, a discovery platform for fashion products, the report said.
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