Sachin Bansal committing nearly his entire Flipkart fortune to build a finserv ecosystem including a bank license
Behind it is the unfinished business of creating a $100 bn digital company from India. We take a look at Bansal’s plans
@digbijaymishra1
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Bansal's new startup Navi is already in discussions to raise its first external round and will probably be the most valued company at series A worth $750-800 million. We broke the news earlier this month
Breaking today --->
World Bank arm IFC investing $30 mn in Flipkart co-founder Sachin Bansal’s new startup Navi, which acquired microfinance firm Chaitanya, at a valuation of $650-700 million
Chaitanya has also applied for a Universal Banking License
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How RBI reviews his application over the next one year will be interesting. Bansal's chances are high, and countries like UK are being studied where digital lenders have been granted license. More on how Bansal is navigating regulations in our article
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@madhavchanchani
@digbijaymishra1
Is there a list of start-ups in this space tackling similar banking problems for India 2/3?
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