Navi Technologies

Navi Technologies is a direct-to-consumer insurance carrier and fintech platform headquartered in Bengaluru, India, offering health insurance, motor insurance, personal loans, home loans, mutual funds, and UPI payments through a mobile application. The company was founded in 2018 by Sachin Bansal and Ankit Agarwal, and acquired DHFL General Insurance in January 2020, giving it full non-life insurance carrier status under IRDAI regulation.

The company operates through two principal regulated subsidiaries: Navi General Insurance Limited (non-life insurance, IRDAI-registered) and Navi Finserv Limited (systemically important non-deposit-taking NBFC, RBI-registered). Its technology stack is built around a mobile-first platform, in-house AI/ML capabilities for customer experience and claims automation, and API integrations with third-party distribution and payment networks. Health insurance covers up to INR 1 Crore with a paperless claims process and a 20-minute settlement turnaround. Motor insurance, launched in March 2026, is fully digital and zero-commission.

As of late 2025, Navi Technologies had raised USD 697.46M across 8 funding rounds from 41 investors including Ambit, Gaja Capital, and PhillipCapital, reaching a unicorn valuation of USD 1.7B. The company has announced plans for an IPO in the second half of 2026 and a capital raise of approximately USD 200M equivalent across debt and equity instruments.