Live
- Samsung TV Plus Announces the Launch of Four New FAST Channels From Viacom18 Exclusively on Samsung Smart TVs
- Arun Pandey 3.0 set to revolutionise lottery industry with Great Goa Games (GGG)
- How Organisations Can Support Mobile Workforces with Diabetes - From Prevention to Management
- Google Rolls Out Real-Time Spam Detection Feature for Pixel Users
- Marriott international and Samhi hotels announce strategic expansion, sign agreement to open three more properties in india
- Telangana Group-4 Results Declared: 8,084 Candidates Selected for 8,180 Posts
- 2024 Is Shaping Up to Be the Smallest Black Friday Ever: GoDaddy Study
- LG LAUNCHES NEW XBOOM SERIES, WITH POWERFUL SOUND WITH PORTABILITY AND STYLE
- KLH Bachupally's AI and ML Expo Hosts a Fusion of Student Innovation and Industry Expertise
- Children Should Enjoy Their Childhood and Build a Bright Future – District Judge D. Rajesh Babu
Sachin Bansal-led Navi in fundraising talks at $2 billion valuation: Report
Sachin Bansal, who founded fintech startup Navi Technologies after leaving e-commerce major Flipkart he co-founded with Binny Bansal, is reportedly in discussions with investors to raise between $200 million and $400 million, at a valuation of $2 billion.
New Delhi: Sachin Bansal, who founded fintech startup Navi Technologies after leaving e-commerce major Flipkart he co-founded with Binny Bansal, is reportedly in discussions with investors to raise between $200 million and $400 million, at a valuation of $2 billion.
TechCrunch reported on Thursday, citing sources, that the deal is yet to be materialised and may change its size when it reaches the final stage.
The startup Navi did not immediately comment on the report.
If the funding goes through, it would be the first major round for the Bengaluru-headquartered Navi which was founded in 2018.
Navi is the latest venture by Sachin and Ankit Agarwal, formerly a banker with Deutsche Bank and Bank of America.
It started with digital lending and has served thousands of customers with its wholly-owned NBFC subsidiary 'Navi Finserv'. It also ventured into micro-financing later.
Last year, the fintech startup reportedly laid off hundreds of employees across multiple departments.
Meanwhile, earlier this year, Binny Bansal officially exited the e-commerce platform's board after more than 16 years. Sachin Bansal left the board in 2018.
Binny has also announced a new venture called 'OppDoor', which will help e-commerce companies expand operations globally by providing them with end-to-end solutions.
