Navi, founded by Sachin Bansal and Ankit Agarwal, is a diversified financial services company providing personal loans, health insurance, and mutual funds. Established in 2018 and headquartered in Bengaluru, Navi leverages technology to simplify financial products and make them accessible to millions of Indians. The company’s rapid growth and diversified offerings positio...
| Founding year | 2018 |
|---|---|
| Headquarters | Bengaluru, India |
| Valuation | ~$2B (2023) |
| Total Funding | $650M |
| Annual Revenue | ₹1,600 Cr (FY24) |
| Annual Net Loss | ₹20 Cr (FY24) |
| EBITDA Margin | 0% |
| Employees | ~1,200 |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2019 | $400M | Sachin Bansal (Founder capital) |
| Series A | 2021 | $250M | GIC, other institutional investors |
Navi recently announced plans to file for an IPO, targeting a $2 billion valuation. The company is also enhancing its tech stack and product suite to attract younger demographics and improve operational efficiency.
| Metric | Detail |
|---|---|
| Revenue Growth | ▲ Reached ₹1,600 Cr in FY24 |
| Profitability | ▼ Net loss reduced to ₹20 Cr |
| Funding | ▲ $650M raised across 2 rounds |
| Efficiency | ▲ EBITDA margin improved to 0% |
| Valuation | ▲ $2B as of 2023 |
Navi’s impressive revenue growth, innovative product offerings, and focus on technological simplification have solidified its position in India’s financial services sector. As it moves toward profitability and prepares for a public offering, Navi stands poised for continued success and expansion.
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