Explore the latest news, in-depth reports, and executive analysis tagged with #Navi.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
In a joint representation, seven UPI apps have raised concerns around competition, customer choice, market concentration, security, transaction success rates and operational complexity.
The Bengaluru-based non-banking financial company's net profit fell 46% to Rs 93.32 crore in FY26 from Rs 172.27 crore in the previous year.
Chandani has resigned to pursue other career opportunities outside the company with effect from April 6.
The startup will use the fresh capital to expand its presence in the US and other international markets.
The financial services company posted losses of Rs 126 crore in the financial year ended March 31, 2025.
The funding round was led by Sekar PRC (former Hexaware CEO) and Sudip Nandy (former Aricent CEO).
![From 'usurious pricing' ban to co-lending concerns: The unending test for fintech lending [Part-1]](/upload/theheadandtale.com/2026/01/1768330780_297f43dbe5_digital_lending1.jpg)
The RBI's ban on Navi in 2024 marked a turning point for fintech lending. Nearly a year on, the sector is still searching for a restart.
NDX Finserve, Arpee Group, Ambit Finvest and Grey Grass India participated in the funding round.
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.
Former Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.
In September 2022, the company secured Sebi approval for a Rs 3350-crore ($440 million) public offering. However, the plan was shelved then.
The company has appointed Rajiv Naresh as the CEO of Navi Technologies Limited and Abhishek Dwivedi as the CEO of Navi Finserv Limited.
Scammers posed as customers and misused a bug and cheated the company of Rs 14.26 crore in 14 days in December, 2024.
The market share of the Vijay Shekhar Sharma-led fintech further plummeted to 6.87% in the month of December.
In October, the banking regulator had barred four NBFCs to "cease and desist" from sanction and disbursal of loans.
In October, the banking regulator had barred Navi Finserv and three other NBFCs to "cease and desist" from sanction and disbursal of loans.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
Goldman Sachs is the seventh multinational bank to lend to Navi Finserv.
This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.
