new delhi sep 25 flipkart cofounder sachin bansal has picked up stake in chaitanya rural intermediation development services crids and has pumped in rs 739 crore in the nonbanking financial company bansal who has been an active investor in the indian startup ecosystem including companies like ola and bounce will also assume the role of ceo at crids there will be a total infusion of inr 739 crore from sachin he will assume the role of ceo of cridsand will provide additional support to create further impetus to business growth both samit shetty and anand rao will continue in their respective roles of growing the existing business segments a statement said the various business units will continue to operate as they have and there will be no significant change in management it added founded by anand rao and samit shetty crids provides credit access to underbanked population and a majority of its business is in microfinance this acquisition is our entry into financial services samit and anand have built a great company that provides much needed financial access to people who dont have access to other formal finance i look forward to working closely with samit and anand and building further on the solid work they have done bansal said crids also provides loans for twowheelers housing small business and education it operates in five states karnataka bihar jharkhand maharashtra and uttar pradesh sachin brings with him the ability of building huge scale grounds up to crids we are looking forward to benefiting from his insights and experience with technology and how that can be leveraged for improving access to financial services financial inclusion and making our business better more sustainable and customer centric shetty said sr rvk