New Delhi, June 9 -- Flipkart co-founder Sachin Bansal's Navi Technologies is looking to raise fresh funding while a senior executive is leaving venture capital firm India Quotient and a former Mirae Asset executive is rolling out a new fund, according to separate media reports. Meanwhile, fintech firm Turtlemint is set to float its IPO while Nexedge Capital is closing to raising its first institutional funding cheque, according to other reports.

Sachin Bansal's Navi

Flipkart co-founder Sachin Bansal's Navi Technologies is in negotiations to raise $250-300 million, possibly from Prosus and Accel Growth Fund, The Economic Times reported.

With the help of this capital, it hopes to grow its lending business throughout Southeast Asia. Bansal is independently seeking debt financing, backed by a personal guarantee, to expand the lending business, the report said.

The development comes after the Reserve Bank of India, in December 2024, lifted lending restrictions on Navi Finserv after a two-month freeze due to supervisory concerns. Navi had, earlier in 2024, sought to raise $200-300 million at a valuation of about $2 billion, but that attempt was unsuccessful, the report said.

Sanskrit Capital

Ashish Dave, a former executive of Mirae Asset Venture Investments, is launching Sanskrit Capital to invest in startups at the Series B and C stages, The Economic Times reported.

The new Mumbai-based venture capital firm aims to raise Rs 700-1,000 crore for its maiden fund. It will reach out to domestic family offices, entrepreneurs and founders for capital, the report said. The fund will focus on fintech, consumer internet, logistics, healthcare, and enterprise AI segments, the report added.

India Quotient

Gagan Goyal, general partner at India Quotient, is leaving the early-stage venture capital firm, The Economic Times reported, citing people familiar with the matter.

His departure comes just months after the VC firm closed its fifth and largest fund at $129 million.

Goyal, who joined the firm in 2017 and became a general partner in 2021, may either launch a new venture or take up an advisory role with startups, the report said.

Turtlemint, Elevate Campuses

Fintech company Turtlemint is likely to launch its IPO this month while Elevate Campuses has decided to move its planned share sale from this month to the next quarter, Moneycontrol reported, citing sources.

Turtlemint's IPO will provide an exit window to seven VC investors including Nexus Venture Partners, Peak XV Partners and Blume Ventures, VCCircle reported previously.

Elevate Campuses, which is backed by PE firm Hillhouse, received regulatory approval for its IPO in February.

Nexedge Capital

Wealth management startup Nexedge Capital is in talks to raise $25 million in a round likely to be led by South Korea's Mirae Asset Venture Investment, The Economic Times reported, citing sources.

This would mark Nexedge's first institutional funding round, the report said.

Nexedge was founded in March 2025 by Aniruddha Taparia, a former co-founder and joint CEO of 360 One WAM.

Published by HT Digital Content Services with permission from VC Circle.