Sachin Bansal’s Navi Technologies, a fintech startup that offers customers insurance and loan products, has filed for a $440 million IPO as the 40-year-old entrepreneur who made his money by kick starting the e-commerce wave in the country once again makes a bold choice.
Navi Technologies’s initial public offering will consist entirely of new shares, and the startup may consider raising a pre-IPO placement, it said in its draft prospectus filed with the local regulator Saturday.
The IPO comes at a time when tech stocks – or most others – have plunged in recent months. All tech startups including Zomato, Paytm, Nykaa and PolicyBazaar that went public …
