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NAVI FINSERV PROFITS
Navi’s FY26 loss widens fourfold on UPI investments; eyes FY27 profitabilityNavi reported a notable increase in net losses for FY26, largely attributed to its strategic investments in UPI and new market initiatives....
Sachin Bansal-backed Navi plans Rs 3,000 crore IPO, to file papers with Sebi by March quarterFintech startup Navi, co-founded by Sachin Bansal, is planning to file draft IPO papers in the March quarter of FY27 to raise about Rs 3,00...
Sachin Bansal’s fintech firm Navi eyeing Rs 3,000-crore IPO by March 2027The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approva...
Zepto’s $1 billion IPO; Navi eyes fresh fundsHappy Tuesday! Quick commerce firm Zepto has filed updated draft papers for its $1 billion public offering. This and more in today’s ETtech...
Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel USSachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Gr...
Attractive valuations, improving earnings: Why fund managers are now raising their exposure to small-cap stocksMidcap stocks have dominated performance for a decade, but a shift towards small caps is emerging. Flexi-cap funds are increasing small-cap...
Sachin Bansal’s Navi Finserv posts 14% rise in Q3 revenues, profits up 22% to Rs 76 croreThe Bengaluru-based firm posted a net profit of Rs 75.5 crore during the quarter, a 21.7% increase year-on-year (YoY), according to financi...
Navi plans to push ahead with credit on UPI: CEO Rajiv NareshNavi aims to leverage credit on UPI for growth in a saturated market. The company processes millions of UPI payments monthly. Navi wants to...
Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt roundNavi Technologies, led by Flipkart cofounder Sachin Bansal, raised Rs 170 crore via debt funding, with PhillipCapital contributing Rs 120 c...
Navi Group sets the ball rolling for IPOIn an exclusive interview with ET, Bansal shared that Navi is actively engaging with bankers to determine the right timing for the IPO. Whi...
Sachin Bansal assumes chairman role at Navi, appoints new CEOsIn his new role, Bansal will focus on exploring growth opportunities for Navi, driving mergers and acquisitions, and enhancing the company’...
Sachin Bansal's Navi rejig; Infosys under scrutinySachin Bansal will become Navi's executive chairman, focusing on strategy. This and more in today’s ETtech Top 5.
Sachin Bansal's Navi Technologies defrauded of Rs 14.26 crore by scammersNavi Technologies, cofounded by Flipkart's Sachin Bansal, was defrauded of Rs 14.26 crore. Scammers exploited a system bug, using a third-p...
Sachin Bansal's Navi Finserv raises Rs 150 crore through NCDsThe finance committee of the board of directors of the company has approved the allotment of NCDs with a face value of Rs 1,00,000 each, to...
RBI Guv on Paytm review; startups' Google plea on Play StoreCentral bank chief Shaktikanta Das has ruled out any review of the regulatory action against Paytm Payments Bank. This and more in today’s ...
Sachin Bansal's Navi Finserv to raise Rs 600 crore through NCDsThe company had raised around Rs 950 crore through two tranches of NCDs previously. This tranche will go live on February 26, 2024.
Sachin Bansal's Navi Technologies receives Sebi nod for Rs 3,350 crore IPOSachin Bansal, who earlier founded eocmmerce major Flipkart, started Navi in 2018 and has invested around Rs 4,000 crore into the entity ti...
We need more modern banks to build an advanced economy: Sachin BansalFlipkart founder keen to take his financial services co public this fiscal year; getting banking licence remains long-term ambition; NBFC a...
Sachin Bansal’s Navi to file for Rs 4,000-crore IPO this weekSachin Bansal, who has invested Rs 4,000 crore of his own capital in Navi, is expected to retain majority control in the firm even after th...
Sachin Bansal’s Navi Technologies gears up for IPO by end of 2022While Navi Technologies is still in discussions on the final IPO size, the company may look to file its draft papers with the Securities an...