Search for: Navi

Navi raises Rs 170 crore in debt led by PhillipCapital

Navi raises Rs 170 crore in debt led by PhillipCapital

28 Jul 2025, 17:33 PM

NDX Finserve, Arpee Group, Ambit Finvest and Grey Grass India participated in the funding round.

PhonePe, Google Pay command 82% of UPI transaction volumes

PhonePe, Google Pay command 82% of UPI transaction volumes

11 Jul 2025, 16:58 PM

PhonePe topped the list, processing 8.55 billion transactions worth Rs 11.99 lakh crore, securing a 46.5% share by volume and nearly half the total transaction value.

Two senior executives quit Navi to start asset management company

Two senior executives quit Navi to start asset management company

18 Mar 2025, 20:54 PM

Former Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.

Sachin Bansal-led Navi eyes IPO in second half of FY26

Sachin Bansal-led Navi eyes IPO in second half of FY26

21 Feb 2025, 15:14 PM

In September 2022, the company secured Sebi approval for a Rs 3350-crore ($440 million) public offering. However, the plan was shelved then.

Sachin Bansal steps down as Navi CEO

Sachin Bansal steps down as Navi CEO

14 Feb 2025, 23:19 PM

The company has appointed Rajiv Naresh as the CEO of Navi Technologies Limited and Abhishek Dwivedi as the CEO of Navi Finserv Limited.

Navi loses Rs 14 crore to payment gateway scam

Navi loses Rs 14 crore to payment gateway scam

22 Jan 2025, 17:20 PM

Scammers posed as customers and misused a bug and cheated the company of Rs 14.26 crore in 14 days in December, 2024.

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

UPI in Dec 2024: PhonePe, Google Pay continue to dominate; Paytm slips further

10 Jan 2025, 00:18 AM

The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

RBI lifts loan disbursal restrictions on DMI Finance, Asirvad Micro Finance

09 Jan 2025, 23:44 PM

In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.

RBI lifts ban on Sachin Bansal-led Navi Finserv

RBI lifts ban on Sachin Bansal-led Navi Finserv

02 Dec 2024, 23:19 PM

In October, the banking regulator had barred Navi Finserv and three other NBFCs to "cease and desist" from sanction and disbursal of loans.

Sachin Bansal

Sachin Bansal's Navi overtakes Cred as fourth largest UPI player

19 Nov 2024, 00:58 AM

Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.

Navi closes $24.5 million personal loan securitization deal

Navi closes $24.5 million personal loan securitization deal

23 Oct 2024, 17:51 PM

Goldman Sachs is the seventh multinational bank to lend to Navi Finserv.

Navi achieves 5th spot in UPI app ranking in September

Navi achieves 5th spot in UPI app ranking in September

23 Oct 2024, 17:48 PM

PhonePe controls 48% market share in terms of volume of transactions; Google Pay (37.4%) and Paytm (7%).

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

18 Oct 2024, 00:50 AM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Fintech highlights of the day

Fintech highlights of the day

05 Oct 2024, 15:27 PM

Jio-BlackRock gets Sebi's in-principle nod to set up mutual fund biz; Sachin Bansal-led Navi Finserv's revenue from operations fell to Rs 1,906 crore in FY24 from Rs 2,041 crore in FY23; Paytm promotes Deependra Singh Rathore to CTO.

UPI 30% volume cap to even miss December 2024 deadline

UPI 30% volume cap to even miss December 2024 deadline

19 Feb 2024, 22:03 PM

In April 2024, PhonePe held 48.3% market share in terms of the total UPI volume processed; while Google Pay captured 37.4% share.

Who Reads Us

Fintech Highlights

  1. Simpl lays off 80-100 employees after RBI crackdown

  2. India's payments revolution faces a new test: Securing a growing ecosystem

  3. Fintech platform Ignosis raises $4 million led by Peak XV's Surge

  4. Zerodha reports 40% fall in brokerage income amid regulatory headwinds

  5. UNLEASH Capital Partners hits final close of first fund at Rs 300 crore
  6. Read more news...

AI/Emerging Tech

  1. Anthropic ropes in ex-Stripe CTO Rahul Patil as chief technical officer

  2. OpenAI valuation touches $500 billion as employees sell shares

  3. OpenAI partners with Samsung, SK to expand AI infra under Stargate project

  4. Thinking Machines Lab unveils first product Tinker

  5. Former Google, OpenAI researchers floated startup Periodic Labs bags seed funding
  6. Read more news...

Money & Machines

  1. What happened after the gaming ban story; VCs' hunt for 'Lovable' in India

  2. RBI brings the wild west under regulatory fold; Hello, AI friend

  3. The same fate of two digital lending posterboys; Healthcare not AI ready?

  4. Reliance's startup moment; Amazon, Flipkart's NBFC play
  5. Previous editions...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality