Tech
Sachin Bansal’s Navi Technologies raises Rs 170 crore via debt round
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Flipkart cofounder Sachin Bansal’s fintech venture Navi Technologies has raised Rs 170 crore through a debt funding round led by PhillipCapital, with NDX Financial Services, Arpee Commercial Company, Ambit Finvest, and Grey Grass India, among others, participating.
According to regulatory filings with the Registrar of Companies (RoC), the Bengaluru-based company’s board approved the allotment of 1,700 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise the capital.
PhillipCapital, which led the round, invested Rs 120 crore…
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