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How Flipkart co-founder Sachin Bansal’s fintech startup Navi lost Rs 14 crore to payment gateway fraud – The Times of India

adminJanuary 22, 202502 mins

Flipkart co-founder Sachin Bansal‘s fintech startup Navi Technologies has fallen victim to a payment gateway fraud, resulting in losses of ₹14.26 crore over a two-week period in December 2024.The Whitefield Cyber Crime Police in Bengaluru have launched an investigation after registering a case against unidentified fraudsters.According to a report in The Hindu, scammers exploited a…

RBI bans Flipkart founder Sachin Bansal’s Navi, here’s what the bank’s statement reads – Times of India

adminOctober 17, 202406 mins

The Reserve Bank of India (RBI) has banned four non-banking financial companies (NBFCs) to cease and desist from sanction and disbursal of loans, effective October 21, 2024. The NBFCs include Asirvad Micro Finance, Arohan Financial Services, DMI Finance Private and Flipkart founder Sachin Bansal’s Navi Finserv.In a statement, the central bank said that the “action…

Zerodha’s Nikhil Kamath buys big part of Sachin Bansal’s holding in Ather Energy; says ‘among the largest bets’ – Times of India

adminApril 23, 202404 mins

Ather Energy, an electric two-wheeler manufacturer, is currently in discussions to secure a substantial funding round through a combination of primary and secondary share sales, according to individuals familiar with the matter.Sources have revealed to ET that Sachin Bansal, a cofounder of Flipkart and an existing investor in Ather Energy, has sold a significant portion…