Navi is an Indian financial services company founded by Sachin Bansal and Ankit Agarwal in 2018. The company has its headquarters in Bengaluru. Navi offers digital personal loans, home loans,mutual funds, health insurance and micro-loans.
In December 2018, Sachin Bansal, after his exit from Flipkart, along with IIT-Delhi batch mate, founded BACQ Acquisitions Private Limited which was later renamed as Navi Technologies Private Limited. Since its incorporation, Navi has acquired multiple companies to extend its product and services portfolio.
Navi Technologies, the technology development and services company, acquired a consulting firm MavenHive in 2019, in order to boost product development.
45-50 engineers were hired with plans to hire 400 more in 2021, in line with its growth plan. A new 100k sq ft office space was also acquired in Bengaluru’s Koramangala area, to house its businesses.
Navi Technologies is the holding company and the subsidiaries are structured as;
- Navi Finserv – Personal and Home Loans
- Navi Asset Management Company – Multiple, Equity Mutual Funds, Index Funds
- Navi General Insurance – Health Insurance and others
- Chaitanya Micro Finance – Micro Finance and Lending