 "Gaja Capital pumps Rs 204 cr in Sachin Bansal's banking venture Navi Tech")
Mid-sized private equity firm Gaja Capital has invested Rs 204 crore in Sachin Bansal’s fintech venture Navi Technologies, regulatory filings showed. The investor was allotted 14 million shares in Navi.
This is the second institutional investor Navi has brought on board. In January, International Finance Corp, a World Bank arm, said it was investing $30 in Navi for 4.5 per cent stake. Gaja Capital, promoted by Gopal Jain, has bets in Chumbak, Avendus Capital and Carnation, among others. The investment in Navi is part of a larger round, mostly subscribed by promoter Bansal.
According to March filings, Bansal infused Rs 3,007 crore in the firm, topped by Rs 40 crore from Navi co-founder Ankit Aggarwal, and some funds from angel investors, including Ramesh Sundare, Sharad Sundarmony, Nitin Jagpratap and Sunil Edward, among others.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%