Sachin Bansal / Photo credit: Shahanadg, CC BY-SA 4.0, via Wikimedia Commons

Sachin Bansal, co-founder of Indian ecommerce giant Flipkart, is in talks to secure the first major external funding round for his fintech startup, Navi Technologies. He aims to raise US$200 million to US$$400 million at a US$2 billion valuation via the negotiations, which were reported by *TechCrunch*.

This marks a shift for Bansal, who bootstrapped Navi since its 2018 founding following a lucrative Flipkart exit. The company, which offers personal loans, home loans, and health insurance, had originally planned a US$440 million listing in 2022, though it later abandoned those plans amid an IPO slump.