Sachin Bansal’s fintech Navi Technologies has held talks for an external round of funding at a valuation of around $2 billion, according to multiple sources briefed on the matter. These discussions come after Navi had filed for an IPO and secured Sebi’s nod for the public offering. However, the company didn’t go ahead with the planned IPO.Bansal, who cofounded Flipkart along with Binny Bansal in 2007, sold his entire stake in the ecommerce firm in 2018. This was at the time of its sale to US retail giant Walmart. Bansal went on to deploy majority of the proceeds from his Flipkart exit into Navi and has never raised external capital.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB Product ManagementVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitThe $2-billion valuation is lower than the previous funding discussions Bansal’s Navi had with investors, people in the know said.Also read | Home loan, insurance business drag Sachin Bansal’s Navi into slow lane“As a company policy, we refrain from commenting on speculative discussions or rumours about our business strategies,” a spokesperson for Navi told ET.In November, Ananya Birla-led Svatantra Microfin completed the acquisition of Bansal’s Navi Group’s subsidiary Chaitanya India Fin Credit in a deal valued at Rs 1,479 crore. Investment IdeasStock Report PlusePaperWealth EditionView all Stories