Bansal added that it is the next 100 million or so users who have the means to grab the attention of the big banks and insurance companies
The Rs 50,000-crore MSME fund of funds has an uphill task ahead, but there's plenty it can learn from problems with the Rs 10,000 crore start-up fund of funds launched five years ago
The Flipkart co-founder has also elevated himself as managing director, Navi.
From Sachin Bansal resigning as independent director of Ujjivan Small Finance Bank to Maruti's Q3 results, here are the day's top headlines
The Flipkart co-founder resigned for proprietary reasons as he moves to launch his own digital banking entity
Bansal says there are many reasons why he picked up financial services as his next area of focus
Flipkart co-founder says he will invest all his capital in this space; Nachiket Mor joins Navi board as director
If given a license, Chaitanya will be the second microlender after the West Bengal-focused Bandhan to be granted a universal banking license
In September, Bansal had invested around $104 million to acquire over 90 per cent ownership of Chaitanya
DHFLGI, Wadhawan Global Capital Ltd and Navi Technologies had entered into a share purchase agreement dated January 2, 2020 for the transaction
Investment to support the transformation of CIFCPL into a technology led universal bank
The new asset will bolster Navi's technology and product development capabilities
This September, the ace entrepreneur found the answer to that when he picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services
Since exiting Flipkart last year, he has invested in start-ups, including Ola, Ather, Vogo, privately and through his investment vehicle BAC Acquisitions
This is the first clearance under the 'green channel' route, a speedier approval mechanism put in place by the CCI.
From PM Modi urging investors to come to India and invest to LIC's stake in private sector dropping to 16-year-low, here are the top 10 business headlines on Thursday
Former Flipkart leader has invested in Chaitanya Rural Intermediation Development Services
From super-rich tax to RCom's SIM swap fraud, Business Standard brings you the top headlines that made news on Thursday
After quitting Flipkart, Bansal has set up BAC Acquisitions (BACQ), which has started to look for investment opportunities in the banking, financial services and insurance (BFSI) space
Walmart's acquisition of Flipkart for $16 billion last year not only provided blockbuster exits to its investors but also turned the founders - Sachin and Binny Bansal - into billionaires