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Flipkart Founder’s Navi Said to Hire Banks for $315 Million IPO

Bloomberg Technology Thursday 13 August 2026, 07:47 UTC By Rajesh Mascarenhas 1 min read
Key Points

Fintech Startup Navi Said to Hire Banks for $315 Million IPO Fintech startup Navi Ltd. is preparing to formally kick off the process for an initial public offering in India, seeking to raise as much as 30 billion rupees ($314 million), according to people familiar with the matter. The company, founded by former Flipkart co-founder Sachin Bansal, has appointed JM Financial Ltd., Kotak Mahindra Capital Co., Goldman Sachs Group, Inc. and JPMorgan & Chase & Co. as advisers for the offering, the...

Fintech Startup Navi Said to Hire Banks for $315 Million IPO Fintech startup Navi Ltd. is preparing to formally kick off the process for an initial public offering in India, seeking to raise as much as 30 billion rupees ($314 million), according to people familiar with the matter. The company, founded by former Flipkart co-founder Sachin Bansal, has appointed JM Financial Ltd., Kotak Mahindra Capital Co., Goldman Sachs Group, Inc. and JPMorgan & Chase & Co. as advisers for the offering, the people said, asking not to be identified because the discussions are private.
Flipkart (ORG) Navi Said (ORG) Hire Banks (ORG) IPO Fintech Startup Navi Said (ORG) IPO Fintech (ORG) Navi Ltd. (ORG) India (LOCATION) Sachin Bansal (PERSON) JM Financial Ltd. (ORG) Kotak Mahindra Capital Co. (ORG) Goldman Sachs Group, Inc. (ORG) JPMorgan & Chase & Co. (ORG)
Originally published by Bloomberg Technology Read original →

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