Fintech startup Navi is preparing for an IPO, while AscentHR has acquired Malaysia-based OS HRS to expand its payroll business across Asia-Pacific and the Middle East.
Fintech firm Navi gears up to file draft IPO papers
Fintech startup Navi is looking to make its public market debut and raise about Rs 3,000 crore, according to a report by The Economic Times.
Co-founded by Flipkart co-founder Sachin Bansal, the company is aiming to file draft papers with the Indian capital markets regulator in the March quarter of FY27, the report added, quoting sources familiar with the matter.
The company is said to be eyeing a mix of fresh equity and an offer for sale.
This is not the first time that the company has planned to launch its IPO. It had attempted to go public earlier and received approval from the Securities and Exchange Board of India (SEBI) in September 2022.
At that time, it had planned to raise Rs 3,350 crore. However, its plans were deferred due to volatile markets, and a correction in technology shares had dampened investor sentiment.
AscentHR acquires Malaysia’s OS HRS
AscentHR, an Indian company that provides HR, payroll, compliance, and workforce solutions, announced the acquisition of Malaysia-based OS HRS as it looks to expand its payroll operations across the Asia-Pacific and Middle East regions.
The deal comes after AscentHR acquired the India, Malaysia, and Japan businesses of OS HRS from Japan-based BREXA Inc. in June 2026. The financial terms of the deal were not disclosed.
Following the acquisition, AscentHR will provide payroll services across multiple countries, expanding its capabilities for multinational and regional clients.
