Sachin Bansal-led Navi Technologies scoops up Rs 204 cr from Gaja Capital

The documents filed by the Bengaluru-headquartered company show that Navi Technologies has allotted 1.45 crore equity shares, at a price of Rs 140.50 apiece, to three entities—Gaja Capital Fund-II, GCFII-B and Gaja Capital India AIF Trust.

Getty Images
The latest private placement follows a fundraising of over Rs 3,000 crore by the company, led by Sachin Bansal and other investors earlier this month.
NEW DELHI: Sachin Bansal-led Navi Technologies has scooped up an additional Rs 204 crore from mid-market private equity firm Gaja Capital, the financial services holding company said in filings to the Registrar of Companies.

Bansal, cofounder and former chief executive of Flipkart, has also been named the managing director of Navi Technologies, formerly known as BAC Acquisitions, for a period of five years, according to the filings accessed by business intelligence platform Tofler. The documents filed by the Bengaluru-headquartered company show that Navi Technologies has allotted 1.45 crore equity shares, at a price of Rs 140.50 apiece, to three entities—Gaja Capital Fund-II, GCFII-B and Gaja Capital India AIF Trust.

Gopal Jain, the managing partner of Mumbai-headquartered Gaja Capital, did not respond to an email seeking comment.


The latest private placement follows a fundraising of over Rs 3,000 crore by the company, led by Bansal and other investors earlier this month. It is, however, unclear if Gaja Capital’s investment is part of the same preferential allotment.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Text Size:AAA
Success
This article has been saved

*

+