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Navi Technologies Appoints Sachin Bansal As New MD

The 38-year-old recently invested a huge amount in the Bengaluru-based FinTech venture called Navi Technologies.

Photo Credit : ShutterStock


Sachin Bansal made a second entrepreneurial shot by betting a major chunk of his fortune scored from Flipkart on Navi Technologies; which has been clearly been in public information. The 38-year-old recently led an over Rs 3,000 crore round in the Bengaluru-based venture called Navi Technologies. He is active in the new job role immediately after the announcement made.

His giant size investment in the FinTech sector is an indication of an upcoming revolution in this specific industry. Along with this huge funding, he also transferred stakes in many other Fintech companies like Lendingkart, Kissht, and Wheels EMI.

 A separate filing discloses that private equity firm name Gaja Capital has also invested INR 204 crore in FinTech Navitechnologies. Binny Bansal who is Sachin Bansal's partner; has also started investing hugely in the TechStartup industry after making a controversial exit from Flipkart. 

The firm Navi Technologies is not yet disclosing much about its future expansion plans rather than explaining their services. They are highly focussed on making financial services more simple, affordable and feasible for customers. Their website also gives the space and invite people to join in for their initiative.

Bansal has completed his education from well know IIT Delhi. Kickstarted his professional career early. He was previously working with Amazon web services and then joined Flipkart. Gradually became the CEO  at Flipkart, he worked there for a total span of more than 10 years.