Sachin Bansal commits up to $450 Million for Navi to fulfil digital banking vision

Flipkart co-founder Sachin Bansal putting everything at stake for the success of his new venture Navi Technologies. According to media reports, he is likely to invest all the proceeds from the sale of his stake in Flipkart into the financial services company. He did not reveal the exact numbers, but it could be between $400 mn or $450 mn. This is also seen as one of the biggest capital infusions into a new fintech venture.