Sachin Bansal has a new ambition—to build “a modern HDFC bank”. And laying the foundation for that is Bansal’s Navi Technologies, begun in December 2018.
Bansal’s aim is a strange one. He is, after all, best known for founding India’s largest home-grown e-commerce platform, Flipkart. But after his acrimonious exit from Flipkart, and brief flirtation with the venture capitalist life, Bansal scanned India’s business ecosystem and saw promise in financial services.