Fintech giant Navi, co-founded by Sachin Bansal, has announced plans to go public by the financial year 2026, leveraging its impressive milestone of 20 million monthly active users. Speaking at the Startup Mahakumbh 2025, Bansal emphasized the company’s readiness to tap into public markets to fuel its next phase of growth. “We have reached a stage where we can use more capital, and I think public markets are the best source of capital. Ideally, we would like to IPO by FY26, if we can,” Bansal stated.
This marks a renewed push for Navi’s IPO ambitions after its earlier attempt in 2022, which was withdrawn due to unfavorable market conditions. Navi, which operates in digital lending and insurance, has undergone significant restructuring, with Rajiv Naresh now serving as CEO of Navi Technologies Limited and Abhishek Dwivedi leading Navi Finserv Limited.
Meanwhile, neobank Jupiter, founded by Jitendra Gupta, has decided to delay its IPO plans, citing the challenges of scaling and building trust in the neobanking sector. Gupta acknowledged that public markets remain a distant goal for Jupiter, which is currently focused on expanding its customer base and strengthening its offerings.
The contrasting approaches of Navi and Jupiter highlight the diverse strategies fintech companies are adopting to navigate the evolving market landscape. Stay tuned for further updates on these developments.
