Sachin Bansal’s Navi Journey: From Flipkart Exit To Fintech Unicorn Aspirations
Humpy Adepu
Flipkart Exit: In 2018, Sachin Bansal infused $450 million into launching Navi after exiting Flipkart, beginning his journey into financial services business.
Chaitanya Acquisition: In 2019, Navi entered fintech by acquiring microfinance lender Chaitanya, expanding its presence across lending and financial services in India.
IFC And Gaja Capital: In 2020, IFC and Gaja Capital committed $50 million to Navi, with the investment tied to securing a banking licence.
Navi IPO Filing: In 2022, Navi filed its DRHP with SEBI for a Rs 3,350 crore IPO, while a banking licence application was rejected.
IPO Plans On Hold: In 2023, Navi put its IPO plans on hold and sold Chaitanya to Svatantra Microfinance for Rs 1,479 crore deal.
Fundraising Talks: In 2024, Navi began talks to raise $2 billion, while RBI barred it from sanctioning loans over lending guideline violations.
RBI Embargo: In 2025, RBI embargoed Navi Limited, followed by reports suggesting the company could revive its IPO plans amid regulatory developments.
Prosus Investment: In 2026, Prosus invested $100 million in Navi’s first institutional round, eight years after its inception, further strengthening investor confidence.
Navi Journey: Navi’s story spans Flipkart capital, acquisitions, fundraising, IPO plans and regulatory challenges as Sachin Bansal builds a major fintech venture.