Navi Technologies Limited

Navi Technologies Limited, formerly known as BAC Acquisitions Private Limited, is a private investment firm based in Bengaluru, India. Founded in December 2018 by Sachin Bansal, co-founder of Flipkart, and Ankit Agarwal, the firm focuses on building and acquiring technology-driven businesses across diverse industry verticals. In October 2019, the firm was renamed Navi Technologies to better reflect its strategic direction in the financial services sector.

Navi Technologies employs a multifaceted investment strategy, targeting early-stage to pre-IPO companies across sectors such as technology, financial services, insurance, healthcare, e-commerce, logistics, education, media, consumer goods, automotive, energy, telecommunications, real estate, retail, and agriculture. The firm has made significant investments, including a ₹739 crore acquisition of Chaitanya Rural Intermediation Development Services, a non-banking finance company, in September 2019. Additionally, in January 2020, Navi Technologies acquired DHFL General Insurance for approximately ₹100 crore, marking its entry into the insurance business.

The firm's investment philosophy centers on leveraging technology to drive growth and innovation in its portfolio companies. By infusing capital and strategic guidance, Navi Technologies aims to enhance operational efficiencies and market competitiveness. The firm has demonstrated a proactive approach in its investments, securing approvals under the Competition Commission of India's 'green channel' route for acquisitions such as Essel Mutual Fund in October 2019. This approach underscores Navi Technologies' commitment to fostering growth and innovation in India's financial services sector.