
Ankit Agarwal and Sachin Bansal co-founded the fintech unicorn Navi, which has raised ₹170 crore through debt financing
With strong financial reports, Navi successfully obtained ₹170 crore via debt funding, with Phillip Capital contributing the largest share of ₹120 crore. To avoid dilution in ownership, Navi chose to opt for debt. It further plans to use the funds to prepare for an IPO and integrate AI into its fintech digital services. This will lead to a robust expansion of Navi’s business in the market.
