Flipkart co-founder Sachin Bansal has said that he will deploy all the proceeds from the sale of his stake in the e-commerce player into his financial services venture Navi Technologies, which has applied for a universal banking licence with the Reserve Bank of India (RBI). Bansal could likely invest $400-450 million in the new venture.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2GaMjda
