Navi Technologies—founded by Flipkart co‑founder Sachin Bansal—has just raised ₹170 crore (about $20 million) in debt financing. This strategic capital infusion, led by PhillipCapital along with several co-investors, marks a key milestone as Navi strengthens its lending operations and prepares for wider growth.
Who’s Involved?
PhillipCapital emerges as the lead investor with ₹120…
In a move that’s sparking fresh chatter about an upcoming IPO, Navi Technologies, the fintech unicorn founded by Flipkart co-founder Sachin Bansal, has just raised ₹170 crore (~$20 million) through a debt funding round — and the names backing it suggest something big is coming.
This isn’t just another funding update — it’s a signal. When a profitable, fast-scaling fintech raises fresh…
In a surprising move, Sachin Bansal, the founder and former CEO of Navi Group, has stepped down from his position as the company’s chief executive officer. But don’t worry—Bansal isn’t leaving Navi. Instead, he’s taking on a new, influential role as executive chairman. This shift in leadership is set to bring fresh changes to Navi Group, with two longtime team members stepping up to lead…
Sachin Bansal’s fintech company, Navi, has experienced remarkable growth on the Unified Payments Interface (UPI) platform, nearly doubling its transaction volume in July. Data from the National Payments Corporation of India (NPCI) shows Navi processed 68.5 million transactions in July, a significant increase from 35.7 million in June and just 3 million in March, marking a 22-fold growth in four…
