Flipkart co-founder Sachin Bansal is set to establish a new holding company focusing on agri-tech and fintech, people familiar with the development told The Economic Times.

The new company to be launched by Bansal will focus on investing in large minority and majority stakes in the agri-tech and fintech segments, the sources said, as mentioned by ET.

“They are evaluating multiple segments as well as investments in both these areas (agri-tech and fintech) to understand them better. These two focus areas are where Bansal is expected to deploy a large chunk of his capital,” one of the sources told the paper, adding, “The time frame for when the (holding) company will be launched is not clear yet.”

Bansal, who quit Flipkart after Walmart acquired a majority stake in the e-commerce company, has brought in Ankit Agarwal, as a partner and founding employee of his new firm, the report said. Agarwal, until recently, was a director at Bank of America where he worked on interest rate trading.