Navi is the latest venture by Sachin Bansal (formerly co-founder of Flipkart, India’s largest e-commerce player) and Ankit Agarwal (formerly a banker with Deutsche Bank and Bank of America) that plans on making financial services simple, transparent and accessible to all.
Navi has taken a technology-driven and customer-centric approach to launch products in the financial services space.
Founded in Dec 2018, Navi started with Digital Lending, and has served over 1.5 lac customers with our wholly-owned NBFC subsidiary ‘Navi Finserv’. In only 3 months post its launch it became one of the largest lending apps in the country.
Shortly after, Navi launched General Insurance and with our health insurance app, where we guarantee cashless claim approvals in under 20 mins with over 10,000+ hospitals in India.
Navi has also ventured into Micro-Financing (through its wholly-owned MFI-NBFC- ‘Chaitanya India’) and has served 5 lac+ customers across 8 states and an AUM of 1.3 thousand Cr.
Capital: Since financial services companies have huge capital requirements, Navi’s founders have already invested ~4000 crores of equity capital in the company.
Team: Navi’s board and advisors include eminent industry leaders and the management team comprises people with significant industry and technology experience.