How Flipkart co-founder Sachin Bansal’s fintech startup Navi lost Rs 14 crore to payment gateway fraud

Flipkart co-founder Sachin Bansal’s fintech startup Navi Technologies has fallen victim to a payment gateway fraud, resulting in losses of ₹14.26 crore over a two-week period in December 2024.

The Whitefield Cyber Crime Police in Bengaluru have launched an investigation after registering a case against unidentified fraudsters.