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Since his acrimonious exit from Flipkart in 2018, Sachin Bansal has made some huge strikes to arrange a serious banking play with Navi Applied sciences
Whereas at Flipkart Bansal used acquisitions to develop the enterprise, Navi’s acquisitions have been operations-centric to fulfil key regulatory necessities for banking
However even because it seems to be to revolutionise banking service with tech, can Navi additionally battle again competitors from conventional heavyweights and earn the belief of customers?
Walt Disney as soon as stated, “The way to get started is to quit talking and begin doing.”
That’s what Sachin Bansal did. Quickly after his exit from Flipkart, the cofounder and former chairman, switched gears to motor alongside on the hunt to show his long-term ‘Big Billion’ imaginative and prescient right into a actuality. Even because the Flipkart dream ended for Sachin Bansal, he had his eyes set on the following huge factor.
This restlessness pursuit for one thing new is seen in the truth that since his exit from Flipkart, there have solely been a handful of months when Bansal has not invested in or acquired a enterprise — primarily for his new startup Navi Applied sciences. Even throughout the lockdown, the Navi founder and CEO infused INR 3,000 Cr into his personal firm and launched an app for private loans.
Like Navi, which has acquired a slew of firms previously two years, Flipkart too was constructed on a stack of acquisitions. Beginning with Weread in 2010, to Letsbuy in 2012, Myntra in 2014 and Phonepe and Jabong in 2016, the ecommerce big closed over a dozen acquisitions en path to changing into the market chief and tackle Amazon and different contenders.
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