Sachin Bansal’s Navi raises $20 Mn debt

Fintech unicorn Navi Technologies has raised Rs 170 crore or $20 million in a debt funding round led by PhillipCapital with the participation of NDX Finserve, Arpee Group and others.

The board at Navi Finserve allotted 1,700 non-convertible debentures at a face value of Rs 10,00,000 each to raise the aforementioned sum, its regulatory filing accessed from the Registrar of Companies (RoC) shows.

PhillipCapital led the round with an investment of Rs 120 crore (approximately $14…