Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt round

Share via:



Flipkart cofounder Sachin Bansal’s fintech venture Navi Technologies has raised Rs 170 crore through a debt funding round led by PhillipCapital, with NDX Financial Services, Arpee Commercial Company, Ambit Finvest, and Grey Grass India, among others, participating.

According to regulatory filings with the Registrar of Companies (RoC), the Bengaluru-based company’s board approved the allotment of 1,700 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise the capital.

PhillipCapital, which led the round, invested Rs 120 crore…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt round



Flipkart cofounder Sachin Bansal’s fintech venture Navi Technologies has raised Rs 170 crore through a debt funding round led by PhillipCapital, with NDX Financial Services, Arpee Commercial Company, Ambit Finvest, and Grey Grass India, among others, participating.

According to regulatory filings with the Registrar of Companies (RoC), the Bengaluru-based company’s board approved the allotment of 1,700 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise the capital.

PhillipCapital, which led the round, invested Rs 120 crore…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Honasa’s Reset Year, Paytm’s Global Ambitions & More

Honasa’s Reset Year Honasa is set to enter 2026...

china: The Pentagon and AI giants have a weakness....

In northern Virginia's Data Center Alley, windowless buildings...

HCLSoftware set to buy agentic AI firm Wobby for...

HCLSoftware, the software business division of IT services...

Popular