AJVC Unfiltered 47: Is Navi an Instant Disruptor or on Borrowed Time?

In May 2018, Walmart announced that it would pay $16 billion for 77% of Flipkart. Sachin decided to sell his 5.5% stake in the company he founded for Rs 7,650 crore.

Three years later, he founded Navi with a vision to build a financial services behemoth over the next two decades. The vision to build Flipkart into a global behemoth had been tantalizingly close but snatched. And with Navi, the hunger to outdo reigned dominant. The plan was to create a $100 Bn company with Navi.

From the beginning, the company focused on acquisitions to procure a universal banking license and meet the stringent criteria set by RBI and Sebi for a banking license.  Navi is already into Asset Management, Insurance, and Lending. The company is now looking to expand its horizon and wishes to do an IPO and expand its lending footprint.  Sachin Bansal is unlikely to make a mistake again, diluting its stake early on, and he is here for a long play. But will Navi achieve the $100Bn dream?

Last fortnight Navi announced a 4,000 Cr IPO which would be one of India's biggest.

Link to full article here: https://ajuniorvc.com/navi-unicorn-sachin-bansal-case-study-indian-tech-startup-ipo-fintech/

AJVC: https://ajuniorvc.com/