Navi is a Bengaluru-based fintech group founded in 2018 by Sachin Bansal after Walmart bought Flipkart. Rather than build a marketplace, Bansal bought regulated entities (an NBFC, an insurer and a mutual fund house) and rebuilt them as a single app. By FY2026 Navi had ~$346 million (₹2,982 crore) in revenue, a lending book above ~$1.51 billion (₹13,000 crore) and India's fourth-largest UPI app. Sachin Bansal is Founder and Executive Chairman; Rajiv Naresh is MD and CEO of Navi Limited. The company is headquartered in Bangalore, India. The mobile-first Indian digital banking and financial services group was founded in December 2018 in Bengaluru by Flipkart co-founder Sachin Bansal and Ankit Agarwal, leveraging algorithmic underwriting to disrupt retail lending, insurance, and mutual funds.
Navi earns most of its income from lending. Navi Finserv, its RBI-registered NBFC, originates app-based personal loans and home loans and earns interest and fees on a loan book that crossed ~$1.51 billion (₹13,000 crore) in FY2026. Smaller revenue lines come from health and motor insurance premiums (Navi General Insurance), management fees on low-cost index funds (Navi AMC) and the Navi UPI payments app. UPI itself earns little directly; Navi uses it as a high-frequency touchpoint to acquire users and cross-sell credit, insurance and investments.