Sachin Bansal: I'm all in, I want to build Navi for the next 20 years, and I've never wanted to sell Flipkart

Sachin Bansal

Sachin Bansal

When you walk into the new office of Navi Technologies, which he co-founded with his college friend Ankit Agarwal in December 2018, six months after quitting his first venture Flipkart, which Walmart bought for $16 billion the same year, it's easy to miss Sachin Bansal, one of India's most well-known startup entrepreneurs.Sachin doesn't have a cabin; instead, he sits bent over his laptop, surrounded by rows of staff, 60% of whom have returned to work.He also doesn't wear spectacles, a jacket, or a branded sweatshirt.

He is 25 kg lighter and wears a plain black t-shirt with trousers. "During the lockdown, I started working out. I used to weigh 100 kilogrammes "he declaresNavi is based in Koramangala, the Bengaluru suburb where Sachin and Binny Bansal co-founded Flipkart over 15 years ago, a company that went on to become India's biggest e-commerce player and inspire a generation of entrepreneurs. Sachin claims he never expected to quit Flipkart and that he now intends to turn Navi into a financial services juggernaut over the next two decades.

Even as it waits for regulatory approval for a universal banking licence, it now offers lending, general insurance, mutual funds, and microfinance. While it has made a number of acquisitions to gain access to markets such as microfinance, insurance, and mutual funds, it now aims to construct a bank from the bottom up, with its own technology stack. According to Bansal, the bank will be able to service a billion Indians.Bansal discussed the performance of Navi's businesses with Moneycontrol, as well as how his bank will be different, his progress as an entrepreneur, critical learnings from Flipkart, and why India will become the world's talent factory.

Source -Link




Team India

India Beat Australia by 9 wickets and won the warm-up match

New Delhi: Indian cricket team wins the warm-up match by 9 wickets, during the final warm-up game which took place at the ICC Cricket stadium on Wedne...

Virat Kohli

Virat Kohli hilariously mimics Shikhar Dhawan's signature batting posture

Virat Kohli has the ability to fascinate those who watch him in more ways than one. The Indian skipper is known for his performance on the pitch, but...

States & UTs

10 disappeared when the boat was in the Ghaghara River at UPs near Lakhimpur Kheri

10 disappeared when the boat was in the Ghaghara River at UPs Lakhimpur Kheri Capsizes

At least ten people were missing after a boat capsized Wednesday in the Ghaghara River near the village of Mirzapur in the Lakhimpur Kheri district of...

NH9 connecting Noida

The NH9 connecting Noida, Gaziabad, and Delhi remains closed for 22 days

Due to the repair work, Carried by the National Highway Authority of India, the vehicles are further permitted to ply from Tigri roundabout to Noida a...


Akhilesh & Rajbhar

After meeting with Akhilesh, Rajbhar announces party alliance with SP

SUHELDEV BHARATIYA Samaj Party (SBSP) will tie up with Samajwadi Party in subsequent year&...

Priyanka Gandhi Vadra

Article 144 imposed after police arrest of Congress leader Priyanka Gandhi Vadra

Congress President Priyanka Gandhi Vadra was arrested by police on Wednesday in Lucknow on her way t...


Actor Ananya Panday

Actor Ananya Panday Raided By Anti-Drugs Agency, Called For Questioning

The Narcotics Control Bureau (NCB) raided Bollywood actress Ananya Panday’s home on Thursday,...

Shah Rukh Khan

Shah Rukh Khan meets His son Aaryan in Mumbai Jail

Mumbai:  Bollywood superstar was in Mumbai’s Arthur road jail to meet his son, and this w...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.