Report: Navi, led by Sachin Bansal, in talks to raise funds at $2 billion valuation

Sachin Bansal, the co-founder of fintech startup Navi Technologies, is reportedly in talks with investors to raise $200-400 million at a valuation of $2 billion. TechCrunch reported that the deal is still in progress and may change in size before finalization. Navi has not commented on the report.

Founded in 2018 by Sachin and Ankit Agarwal, Navi initially focused on digital lending and later expanded into micro-financing. Despite facing layoffs last year, the Bengaluru-based startup has served thousands of customers through its NBFC subsidiary ‘Navi Finserv’.

Meanwhile, Binny Bansal, Sachin’s former business partner at Flipkart, has exited the e-commerce platform’s board after 16 years. Binny has launched a new venture called ‘OppDoor’ to aid e-commerce companies in global expansion by providing comprehensive solutions.

If the funding round is successful, it would mark a significant milestone for Navi Technologies as it continues to grow its presence in the fintech industry. Stay tuned for updates on this developing story.