Total amount raised
$738.1 Million
Latest funding date
05/01/2024
Location
Navi Technologies has successfully raised funds through 9 different rounds, with the latest being a Debt Financing round. The company has attracted a diverse group of 28 investors, including Siddharth Colorchem and PhillipCapital.
In addition to its fundraising efforts, Navi Technologies has made 7 investments and completed 3 acquisitions, with the most recent being DHFL General Insurance. Keep reading to explore the intricacies of Navi Technologies' fundraising journey and the investors backing this innovative platform.
What Is Navi Technologies?
Navi Technologies is a Bengaluru-based firm operating in the BFSI (Banking, Financial Services & Insurance) sector. The company focuses on building consumer-centric businesses and offers a range of financial products through its app, including UPI payments, mutual funds, health insurance, home loans, and cash loans.
Founded in Bengaluru, Karnataka, India, Navi Technologies has an employee count ranging from 501 to 1000. The company emphasizes a paperless, minimal documentation process and provides 24/7 customer support, making personal finance simple, accessible, and affordable for its users.
How Much Funding Has Navi Technologies Raised?
- Round Name: Angel
- Amount Raised: USD 7,000,000
- Date: January 2019
- Lead Investors: Sachin Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and build the initial product offerings.
- Round Name: Series Unknown
- Amount Raised: INR 8,885,000,000
- Date: November 2019
- Lead Investors: Sachin Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's product portfolio and scale operations.
- Round Name: Series Unknown
- Amount Raised: USD 30,000,000
- Date: January 2020
- Lead Investors: International Finance Corporation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its financial services.
- Round Name: Series Unknown
- Amount Raised: INR 30,070,000,000
- Date: April 2020
- Lead Investors: Sachin Bansal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the company's market presence and product offerings.
- Round Name: Private Equity
- Amount Raised: INR 2,040,000,000
- Date: April 2020
- Lead Investors: Gaja Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the company's financial position and support its strategic initiatives.
- Round Name: Debt Financing
- Amount Raised: INR 6,000,000,000
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance lending, loan repayments, and other general business needs.
- Round Name: Debt Financing
- Amount Raised: INR 5,000,000,000
- Date: July 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's lending and financing activities.
- Round Name: Debt Financing
- Amount Raised: INR 1,500,000,000
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance lending, loan repayments, and other general business needs.
- Round Name: Debt Financing
- Amount Raised: INR 1,700,000,000
- Date: July 2025
- Lead Investors: PhillipCapital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's ongoing financial operations and growth.
Total Amount Raised: USD 1,000,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Sachin Bansal
- Details: Sachin Bansal is the co-founder of Flipkart, one of India's largest e-commerce platforms. He is a prominent entrepreneur and investor in the Indian startup ecosystem.
- Investment Focus Areas: E-commerce, FinTech, Technology
- Notable Investments: Flipkart, Navi Technologies, Ola
- PhillipCapital
- Details: PhillipCapital is a global financial services firm headquartered in Singapore. It offers a wide range of services including asset management, securities brokerage, and investment banking.
- Investment Focus Areas: Financial Services, Real Estate, Technology
- Notable Investments: Navi Technologies, PropertyGuru, Grab
- Gaja Capital
- Details: Gaja Capital is a leading private equity firm in India, focusing on mid-market growth capital investments. The firm is known for its hands-on approach to value creation.
- Investment Focus Areas: Education, Financial Services, Consumer
- Notable Investments: EuroKids, John Distilleries, Kinara Capital
- International Finance Corporation (IFC)
- Details: IFC is a member of the World Bank Group and is the largest global development institution focused on the private sector in developing countries. It provides investment and advisory services.
- Investment Focus Areas: Infrastructure, Manufacturing, Agribusiness
- Notable Investments: Navi Technologies, Byju's, HDFC Bank
- Kairus Shavak Dadachanji
- Details: Kairus Shavak Dadachanji is the chairman of the Dadachanji Group, which owns businesses like Sovereign Pharma, Kaisha Packaging, and Kaisha Lifesciences. He is a significant investor in Navi Technologies.
- Investment Focus Areas: Pharmaceuticals, Packaging, Life Sciences
- Notable Investments: Sovereign Pharma, Kaisha Packaging, Kaisha Lifesciences
What's Next for Navi Technologies?
Navi Technologies is poised for significant growth, leveraging opportunities in the financial services sector. The company plans to raise Rs 600 crore through non-convertible debentures (NCDs) to the general public, a move that could substantially boost its financing and lending operations. Additionally, Navi has the potential to raise up to Rs 3,350 crore through an IPO, pending favorable market conditions.
Future fundraising efforts will likely focus on additional NCD issuances and the potential IPO. These funds will be crucial for expanding their market presence and enhancing their service offerings. However, Navi may face challenges such as securing equity capital at desired valuations and navigating market conditions that could delay their IPO plans.
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