Navi, which has been co-founded by Flipkart co-founder Sachin Bansal, on Thursday said it has acquired Bengaluru-based Mavenhive.
MavenHive, a technology consulting firm, will help Navi leapfrog their product development initiatives, a statement said.
The Mavenhive team along with its founders have joined Navi, it added.
No financial details were disclosed.
Founded by Bhavin Javia and Anandha Krishnan, MavenHive has helped tech companies like Flipkart, Gojek, Grasshopper, Scripbox and others in their product journeys, the statement said.
"We are very excited about this acquisition which will add great capability to our ambitions to build cutting edge technology platforms that can take applications to scale. This acquisition will add to Navi's technology capabilities," Navi CEO Sachin Bansal said.
Javia said the company is eager to start working with Bansal and Navi.
Navi has been co-founded by Sachin Bansal and Ankit Agarwal with the aim of making financial services simple, affordable and accessible.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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