| Date | Title | Description |
| 23.10.2024 | Navi Finserv Pulls Bond Sale Amid RBI Scrutiny | Navi Finserv has hit the brakes. The non-bank finance company (NBFC), founded by Sachin Bansal, known for his role in Flipkart, has withdrawn a planned bond sale. This decision comes just days after the Reserve Bank of India (RBI) imposed r... |
| 22.10.2024 | Monetary policy dilemma: Control inflation or support growth, says RBI’s Patra | Uncertainty shocks for India tend to mimic aggregate supply shocks, with heightened uncertainty leading to slower growth but higher inflation, said RBI Deputy Governor Michael D Patra, even as he emphasised that this presents a dilemma for ... |
| 21.10.2024 | Sachin Bansal's Navi withdraws bond sale days after RBI action | Sachin Bansal
Navi Finserv has withdrawn a planned bond sale scheduled for bidding on Monday, the firm said, days after the country's financial regulator barred the non-bank finance company (NBFC) from issuing new loans.
The company was sch... |
| 20.10.2024 | NBFCs in MFI space to face greater reporting rigour after RBI’s crackdown on 4 players | Non-bank players operating in the microfinance space may be subject to greater reporting rigour, with the Reserve Bank of India likely to ask them to submit granular monthly data on their weighted average lending rate and the spread they ch... |
| 18.10.2024 | RBI Cracks Down on Non-Banking Financial Companies: A Wake-Up Call for the Industry | The Reserve Bank of India (RBI) has taken a bold step. It has ordered four non-banking financial companies (NBFCs) to halt loan sanctioning and disbursement. This directive affects Navi Finserv, DMI Finance, Asirvad Micro Finance, and Aroha... |
| 17.10.2024 | RBI Bars Sachin Bansal’s Navi Finserv From Disbursing Loans | SUMMARY
The RBI said that its order on Navi Finserv, DMI Finance, Arohan Financial Services and Asirvad Micro Finance would come into effect from the close of business on October 21
The RBI’s action is in response to excessive interest rate... |
| 17.10.2024 | RBI imposes biz restrictions on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv | The Reserve Bank of India has imposed business restrictions on four non-banking finance companies (NBFCs) – Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance Pvt Ltd and Navi Finserv Ltd, asking them to cease and desist ... |
| 17.10.2024 | RBI bars NAVI, DMI Finance and others from loan sanctioning and disbursal | The Reserve Bank of India (RBI) has issued a directive to four non-banking financial companies (NBFCs), including DMI Finance—backed by MUFG Bank—and NAVI, led by Sachin Bansal, to cease loan sanctioning and disbursement starting October 21... |
| 16.10.2024 | Goldman Sachs Joins Navi Finserv's Expansion with USD 24.5 Mn Loan Securitization The funds raised will support Navi's mission to simplify access to finance, enhance its operations with robust underwr... | Navi Finserv has successfully closed a USD 24.5 million loan securitization transaction with Goldman Sachs (India) Finance Private Limited. This deal marks Goldman Sachs as the seventh multinational bank to partner with Navi Finserv.
The tr... |
| 14.10.2024 | Navi breaks into top 5 UPI apps in September as PhonePe maintains lead | September 2024 marked a significant milestone in the Unified Payments Interface (UPI) ecosystem, with total transactions surpassing 15 billion for the first time since its inception in April 2016.
PhonePe continues to dominate the market, p... |
| 14.10.2024 | Navi Surpasses Axis Bank In UPI Transactions In September | SUMMARY
Navi moved up a spot to fifth position last month, processing 120.41 Mn UPI transactions
Kunal Shah’s CRED was ahead of Navi at the fourth position, processing 140 Mn transactions worth INR 47,982.71 Cr last month
There was no chang... |
| 03.10.2024 | Rediff.com’s New Dawn: A Strategic Shift in Digital Finance | In the fast-paced world of digital finance, change is the only constant. Rediff.com, a name once synonymous with online news and content, is now pivoting towards a new identity. With the recent appointment of Vishal Mehta as Chairman and Ma... |
| 01.10.2024 | UPI sets new record with more than 15 Bn transactions in Sept | Unified Payments Interface (UPI) has achieved a significant milestone by processing over 15 billion transactions in a month for the first time in September.
Data published by the National Payments Corporation of India (NPCI) indicates that ... |
| 17.09.2024 | PhonePe captures 50% UPI market share by value in August | PhonePe has captured over 50% of the market share in UPI transaction volume as of August, according to data from the National Payments Corporation of India (NPCI). The Walmart-controlled payments firm continues to maintain a strong lead ove... |
| 29.08.2024 | BharatPe's Bold Leap into Consumer Payments: A Game Changer? | BharatPe is shaking up the consumer payments landscape. The fintech firm has rebranded its postpe app to BharatPe, aiming to carve out a niche in the competitive peer-to-peer (P2P) payments arena. This move puts BharatPe in direct competiti... |
| 28.08.2024 | BharatPe enters consumer payment space with rebranded postpe | Fintech firm BharatPe has forayed into consumer payments space with the rebranding of postpe app to BharatPe. The move now pits BharatPe in a direct competition with PhonePe, Google Pay and Paytm in the peer-to-peer (P2P) payments ecosystem... |
| 28.08.2024 | Karnataka Bank Partners with Navi Tech for UPI Credit Line
Interim Chairmen Named for IOC and HPCL
Asian Energy Services to Raise Rs 1.60 Billion via Convertible Warrants
Oil Holds Steady as US Stock ... | ECONOMY & POLICY Karnataka Bank Partners with Navi Tech for UPI Credit Line
28 Aug 2024 2 Min Read CW Team
Karnataka Bank, in collaboration with Navi Technologies, has introduced a new credit line on the Unified Payments Interface (UPI)... |
| 15.08.2024 | The Surge of Startups: Funding and Growth in India’s Dynamic Market | In the vibrant landscape of India’s startup ecosystem, fresh capital flows like a river, nourishing innovation and ambition. Recent funding rounds for three distinct startups—Truva, Halden, and Adukale—illustrate this trend. Each company is... |
| 14.08.2024 | PhonePe and G-Pay dominate UPI volume in July; Navi sees 2X spike | Unified payments interface (UPI) saw a 3.95% month-on-month growth in volume to 14.44 billion in July from 13.89 billion in June. While PhonePe and Google Pay maintained their market share in the last month, Paytm registered a minor decline... |
| 14.08.2024 | Karnataka Bank partners with Navi to launch ‘Credit Line on UPI’ | Karnataka Bank has announced the launch of ‘Credit Line on UPI’. The bank will be offering ‘Credit Line on UPI’ through a partnership with Navi (a financial services company). This is currently offered to a closed group of select users who ... |
| 06.08.2024 | UPI daily transactions cross 500 Mn mark | Unified payments interface (UPI) has crossed the milestone of processing 500 million transactions on a daily basis for a couple of times in August. This is a significant jump in daily volume as the Indian government has set the ambitious ta... |
| 30.07.2024 | Navi Finserv Secures USD 38 Mn from JP Morgan in a Securitisation Deal Navi Finserv will use the funds to expand and grow its digital personal loan business, leveraging new technological advancements ... | Sachin Bansal's fintech venture, Navi Finserv, has secured USD 38 million from multinational financial services firm JP Morgan in a securitisation deal.
This transaction, structured as pass-through certificates (PTC), is backed by a pool of... |
| 22.07.2024 | UPI in June: PhonePe, Google Pay see marginal decline, Paytm records flat growth | Digital payments platforms PhonePe and Google Pay saw a marginal decline in their total volume and value processed through Unified Payments Interface (UPI) in June while the third largest player Paytm recorded a flat growth in the last mont... |
| 06.06.2024 | PhonePe, Google Pay Accounted For 85% Of UPI Transactions In May | SUMMARY
PhonePe, with 683.19 Cr transactions, accounted for 48.6% of the total UPI transactions in May, while the share for Google Pay stood at 37%
After seeing a nearly 8% month-on-month decline in UPI transactions in April, Paytm saw its ... |
| 06.06.2024 | UPI in May: PhonePe maintains domination, Paytm sees marginal growth | Digital payments platform PhonePe has maintained its top position in the Unified Payments Interface (UPI) ecosystem with a market share of more than 48% in May 2024.
In May, UPI set a new record by processing more than 14 billion transactio... |
| 25.05.2024 | From Navi Finserv to Portl- Indian Startups Raised $58 Mn This Week | SUMMARY
Indian startups were able to net a $58.36 Mn across 16 deals, a 52% decline from last week's $121.8 Mn raised across 21 deals
The Fintech sector emerged as an investor favourite this week, with startups in the sector securing $23.9 ... |
| 24.05.2024 | Navi Finserv: Sailing Through the Seas of Fundraising with Resilience and Innovation | Navi Finserv, under the leadership of Sachin Bansal, recently embarked on a fundraising journey by raising a substantial amount of Rs 150 crore through the issuance of non-convertible debentures (NCDs) from a select group of six investors, ... |
| 23.05.2024 | Financial services platform Navi raised Rs 150 Cr via NCDs | Through the issuance of non-convertible debentures (NCDs), financial services platform Navi Finserv has raised Rs 150 crore from six individual investors, including senior Dadachanji Group executives.
According to the company’s regulatory f... |
| 23.05.2024 | Sachin Bansal's Navi Finserv raises Rs 150 crore through NCDs | ETtechNavi Technologies founder Sachin Bansal
Sachin Bansal's lending startup Navi Finserv raised Rs 150 crore through non-convertible debentures (NCDs) from six individual investors, according to the company's filing with the Registrar of ... |
| 28.04.2024 | Argonavis Co., Ltd. “GYROAXIA REVIVAL LIVE -IGNITION-” event report | - |
| 28.04.2024 | Argonavis Co., Ltd. “GYROAXIA REVIVAL LIVE -IGNITION-” event report | Bushiroad Co., Ltd.
“GYROAXIA REVIVAL LIVE -IGNITION-” event report
……
A group company of Bushiroad Co., Ltd. (Headquarters: Nakano-ku, Tokyo, Representative Director and President: Takaaki Kitani) Argonavis Co., Ltd. (Headquarters: Nakano-... |
| 24.04.2024 | PayU to onboard new merchants as it gets PA license from RBI | PayU has received in-principle approval from The Reserve Bank of India (RBI) to operate as a payment aggregator. The nod will also allow the fintech firm to onboard new merchants on its platform.
Back in January 2023, the apex banking body ... |
| 19.04.2024 | Flipkart’s UPI Hits Record 5 Mn Transactions In March | SUMMARY
The Walmart-backed ecommerce major Flipkart recorded 5 Mn UPI transactions worth INR 197.24 Cr in March
NPCI data showed that Flipkart’s first month of UPI transactions were greater than Jio Payments Bank apps, Navi, and several oth... |
| 18.04.2024 | Yugabyte announced details and theme for Distributed SQL Summit Asia | Yugabyte, the leading open source distributed SQL database company, today announced the keynote theme and final schedule for the upcoming fourth annual Distributed SQL Summit (DSS) Asia.
This year’s virtual summit, taking place on Wednesday... |
| 14.04.2024 | Number of unicorns in India to rise by a fifth in FY25 | The number of unicorns in the Indian startup ecosystem is set to go up by around a fifth in FY25, with around 20-odd soonicorns rapidly closing in on the magic number.
Among the probables are online ticketing platform Bookmyshow, fintechs N... |
| 07.04.2024 | Fintech representation in YC’s Demo Days is definitely shrinking | Welcome to TechCrunch Fintech! This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, and more!
To get a roundup of TechCrunch’s biggest and mo... |
| 04.04.2024 | Sachin Bansal’s fintech Navi in talks to raise new funding at $2 billion valuation: sources | ETtechNavi Technologies founder Sachin Bansal
Sachin Bansal’s fintech Navi Technologies has held talks for an external round of funding at a valuation of around $2 billion, according to multiple sources briefed on the matter. These discussi... |
| 03.04.2024 | Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise | Flipkart co-founder Sachin Bansal is in talks to raise capital for his new startup, Indian fintech Navi. Bansal is talking to investors to raise at a valuation of around $2 billion, three sources familiar with the matter told TechCrunch. On... |
| 30.03.2024 | Fintech firm KreditBee raised $9.4 M in extended Series D round | In an extended Series D round, digital lending platform KreditBee has raised $9.4 million, or Rs 78.33 crore, from current investors, including Premji Invest, Motilal Oswal Private Equity, and Mirae Asset.
According to KreditBee’s regulator... |
| 03.03.2024 | Argonavis Co., Ltd. “εpsilonΦ LIVE 2024 – Overlord -” event report | Bushiroad Co., Ltd.
“εpsilonΦ LIVE 2024 – Overlord -” event report
……
Argonavis Co., Ltd. (Head office: Nakano-ku, Tokyo, President and CEO: Naoyuki Kitaoka), which is a group company of Bushiroad Co., Ltd. (Head office: Nakano-ku, Tokyo, P... |
| 03.03.2024 | Argonavis Co., Ltd. “εpsilonΦ LIVE 2024 – Overlord -” event report | - |
| 19.01.2024 | Argonavis Co., Ltd. “APOLLO RECORDS LIVE 2024 – We are the Star -” event report | Bushiroad Co., Ltd.
“APOLLO RECORDS LIVE 2024 – We are the Star -” event report
……
Argonavis Co., Ltd. (Headquarters: Nakano-ku, Tokyo, President and CEO: Naoyuki Kitaoka), a group company of Bushiroad Co., Ltd. (Headquarters: Nakano-ku, To... |
| 19.01.2024 | Argonavis Co., Ltd. “APOLLO RECORDS LIVE 2024 – We are the Star -” event report | - |
| 05.01.2024 | Argonavis Co., Ltd. “From ARGONAVIS × Let’s do a band! SPECIAL LIVE – CROSSOVER -” event report | - |
| 05.01.2024 | Argonavis Co., Ltd. “From ARGONAVIS × Let’s do a band! SPECIAL LIVE – CROSSOVER -” event report | Bushiroad Co., Ltd.
“From ARGONAVIS × Let’s do a band! SPECIAL LIVE – CROSSOVER -” event report ……
Argonavis Co., Ltd. (Head office: Nakano-ku, Tokyo, President and CEO: Naoyuki Kitaoka), a group company of Bushiroad Co., Ltd. (Head office:... |
| 01.12.2023 | Argonavis Co., Ltd. GYROAXIA’s new song “Fighting Spirit” has been selected as the theme song for New Japan Pro Wrestling’s “Berck Presents WRESTLE KINGDOM 18 in Tokyo Dome”! | Bushiroad Co., Ltd.
GYROAXIA’s new song “Fighting Spirit” has been selected as the theme song for New Japan Pro Wrestling “Berck Presents WRESTLE KINGDOM 18 in Tokyo Dome”!
……
Argonavis Co., Ltd. (Head office: Nakano-ku, Tokyo, President an... |
| 01.12.2023 | Argonavis Co., Ltd. GYROAXIA’s new song “Fighting Spirit” has been selected as the theme song for New Japan Pro Wrestling’s “Berck Presents WRESTLE KINGDOM 18 in Tokyo Dome”! | 0 0 votes
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| 08.07.2023 | Flipkart co-founder’s fintech firm said to have laid off 200 employees | FintechNews
Lokesh Choudhary · 13 Jul 2023 · 2 min readFlipkart co-founder’s fintech firm said to have laid off 200 employees
Photo credit: Shahanadg / Wikimedia Commons
Navi Technologies, an Indian fintech company founded by Flipkart co-fo... |
| 09.04.2022 | IPO-Bound Fintech Navi Sets Up A Billion-Dollar Metaverse-Focused Fund Of Fund Scheme | Navi Technologies, the IPO-bound fintech startup, has set up a metaverse-based Fund of Funds scheme, the Navi Metaverse ETF Fund Of Fund, via its Navi Mutual Fund arm.
The Fund of Fund scheme is sponsored by Anmol Como Broking and will be m... |
| 12.03.2022 | Sachin Bansal's Navi Technologies files draft papers for Rs 3,350-cr IPO | Sachin Bansal-led Navi Technologies has filed preliminary papers with Sebi to raise Rs 3,350 crore through an initial public offering (IPO).
The proposed IPO is completely through a fresh issue of equity shares and there will be no offer-fo... |
| 12.03.2022 | Sachin Bansal’s Fintech Navi Technologies Files For INR 3,350 Cr IPO | Flipkart cofounder Sachin Bansal’s fintech startup Navi Technologies has filed its draft red herring prospectus (DRHP) with SEBI to raise INR 3,350 Cr through an initial public offering (IPO).
This DRHP filing comes a month after the startu... |
| 14.04.2020 | Indian Fintech Navi Technologies Acquires $26.75 Million in Equity Funding from Gaja Capital, Others | Indian Fintech firm Navi Technologies, a company that aims to make financial services simple, affordable and more accessible, has secured INR 2.04 billion (appr. $26.75 million) in equity funding from Gaja Capital, a Mumbai-based private eq... |
| - | Navi Technologies | “Get instant Cash Loan, Home Loan, invest in Mutual Funds & buy Health Insurance policy in a 100% paperless manner with minimal documentation. Download the Navi app now!” |
| - | Sachin Bansal’s Navi Technologies files DRHP for ₹3,350 crore IPO | Bengaluru, March 12
Sachin Bansal’s Navi Technologies has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹3,350 crore through an initial public offering (IPO).
According to the DRHP, Navi’s IPO is through a fresh issue of ... |
| - | Sachin Bansal’s Navi Technologies to file ₹4,000 crore IPO this week | Sachin Bansal’s Navi Technologies is reportedly planning to file its draft red herring prospectus (DRHP) with SEBI for a ₹4,000 crore IPO sometime this week.
According to reports, the company wants to launch its IPO in June this year and IP... |
| - | Three Indian Cities Are Among Top 20 Global Fintech Hubs: Report | Since demonetisation in 2016, economic experts across the world have been divided on whether the decision was right or not, but one thing which is quite clear is the rise of India as a fintech hub.
To drive this tech-based financial growth ... |