Navi Group sells microfinancing arm to Svatantra Microfin for $178.5m

  • Svatantra Microfin to become India’s second-largest microfinancing firm following Chaitanya India acquisition.
  • Sale part of Navi Group’s strategy to prioritize digital-first businesses.
  • Navi, rejected for banking license by RBI last year, had filed for a $440m IPO.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications