Ashish Gupta to make $20 million from Walmart Flipkart Deal

Do you know who Ashish Gupta is? Yes, he is the one who along with his partner sold their startup project Junglee to Amazon for $240 million only. Right after two decades, Ashish Gupta managed to make approximately $20 million out of a deal that involved two rivals of Amazon! Ashish Gupta was probably the first investor in Flipkart who invested Rs. 10lakh in the year 2009.

Ashish Gupta is the founder of Helion Ventures. He is a person who believes that it is not good to make a number of angel investments. But he is now best known in the business industry as one of the smartest and low key investors. His track record as an angel investor is enviable.

Ashish Gupta has made a number of astute bets that includes Make my trip and MuSigma. He also went to IIT, Kanpur for graduating with computer science. He is a Ph.D. from Stanford University in California. Once he sold Junglee, he was working with Amazon for few days. After these efforts, he managed to do Kauffman Fellows Program in order to study VC business. He founded Helion in the year 2006 and kept on making the angel investments. In the year 2009, he sent a cheque of Rs. 10 Lakh to Flipkart and in the first tranche that amounted Rs. 70 lakh, Gupta contributed Rs. 10lakh. That particular amount will now yield him $18-20 million.

To be honest, Ashish Gupta is presently one of the finest investors in India who usually thinks 5 to 7 years ahead of the business curve. He helps the founders and entrepreneurs and works with them quite happily. That cannot be just for money!

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