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Sachin Bansal's fintech Navi seeks $2B valuation in its first major external fundraise

Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $2 billion, three sources familiar with the matter told TechCrunch. The Bengaluru-headquartered startup Navi has been largely self-funded up to now Bansal owns 97% of the company and this would be its first large outside fundraise since it was founded in 2018. ....

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Next-Gen Moguls: 7 rising business tycoons from India's wealthiest families - Lifestyle News

Next-Gen Moguls: 7 rising business tycoons from India's wealthiest families - Lifestyle News
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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Ananya Birla: 'The real work starts now.' Ananya Birla announces Chaitanya India acquisition, remembers decade-long journey; Harsh Goenka says 'proud of my little girl'

The acquisition, valued at Rs 1,479 crore, positions Svatantra as the second-largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI) in India. ....

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Why Is India's Financial Sector In A Flurry?

Why Is India's Financial Sector In A Flurry?
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

Mahindra Group , Shriram Group , First Bank , Reliance Industries As India , Reliance Industries , Adani Capital , Chaitanya India Fin Cred , Reserve Bank , Chaitanya India , India Shelter Finance ,

Sachin Bansal sells Navi's microfinancing unit for $178.5 million

Svatantra Microfin has reached an agreement to acquire Navi Group's microfinancing unit Chaitanya India for about $178.5 million, the two firms said Tuesday, latest in a series of events at entrepreneur Sachin Bansal's firm that has struggled to secure a banking license. Svatantra said it will become the second largest microfinancing firm in India with a reach of over 3.6 million active customers across 20 states with the Chaitanya acquisition. "This transaction is in line with our strategic plan to focus on our digital-first businesses, as we continue our digital-first financial services through the Navi Group," said Bansal in a prepared statement. ....

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