Former Flipkart co-founder Sachin Bansal’s fintech company Navi Technologies has received approval from the Securities, and Exchange Board of India (SEBI) to make a debut on the stock market. 

• The fintech company, which offers financial services, has got the green signal to raise Rs 3,350 crore through a fresh issue of equity shares. The company has proposed to utilise a portion of its net proceeds for investment in its subsidiaries including Navi Finserv Private Limited and Navi General Insurance Limited. 
• Additionally, ICICI Securities, BofA Securities and Axis Capital, Credit Suisse Securities (India) Pvt Ltd, and Edelweiss Financial Services are the book-running lead managers of the public issue