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Decoding Navi And Sachin Bansal’s $100 Bn Ambition

Decoding Navi And Sachin Bansal’s $100 Bn Ambition

Since his acrimonious exit from Flipkart in 2018, Sachin Bansal has made some big moves to prepare a major banking play with Navi Technologies

While at Flipkart Bansal used acquisitions to grow the business, Navi’s acquisitions have been operations-centric to fulfil key regulatory requirements for banking

But even as it looks to revolutionise banking service with tech, can Navi also fight back competition from traditional heavyweights and earn the trust of consumers?

Walt Disney once said, “The way to get started is to quit talking and begin doing.”

That’s what Sachin Bansal did. Soon after his exit from Flipkart, the cofounder and former chairman, switched gears to motor along on the quest to turn his long-term ‘Big Billion’ vision into a reality. Even as the Flipkart dream ended for Sachin Bansal, he had his eyes set on the next big thing.

This restlessness pursuit for something new is seen in the fact that since his exit from Flipkart, there have only been a handful of months when Bansal has not invested in or acquired a business — primarily for his new startup Navi Technologies. Even during the lockdown, the Navi founder and CEO infused INR 3,000 Cr into his own company and launched an app for personal loans.

Like Navi, which has acquired a slew of companies in the past two years, Flipkart too was built on a stack of acquisitions. Starting with Weread in 2010, to Letsbuy in 2012, Myntra in 2014 and Phonepe and Jabong in 2016, the ecommerce giant closed over a dozen acquisitions en route to becoming the market leader and take on Amazon and other contenders.