Navi, the Indian fintech founded by Flipkart co-founder Sachin Bansal, has hired banks for an initial public offering of about $315m, according to a Bloomberg report.
It is the clearest sign yet that Bansal’s second act is finally heading for the public markets, four years after his first attempt quietly stalled.
The headline number comes with the usual translation problem. Bloomberg puts the raise at roughly $315m, while Indian reporting frames it as Rs 2,700 to 3,000 crore, a mix of fresh shares and an offer for sale by existing backers.
Kotak Investment Banking is reported to be leading the issue, with a filing pencilled in for the January-to-March quarter of 2027.
The timing is telling. Navi is chasing a listing just as the global fintech IPO pipeline fills up again, with lenders, marketplaces and payment firms all jostling for the same pool of public-market money.
