Bhai, Sachin Bansal is a big Fraud! Amazon ko copy karke koi mahaan kaam kuch bhi nahi kiya woh...flipkart waist bhi losses mein hai aur rahegi...iss fraud ne Naya dhandha chalu kiya, Mota interest rate per loans...lekin many customers committed suicide because of NAVI employees torture !
Todays startups are like Play with some ones money. If will all win. If loose u don't loose. Building company with your own money need lot of patience, guts and perseverance.
This video is pure gold! Kudos to Caleb for presenting and kudos to the research team! Lot of lessons form this story. This is what scares me as prospective entrepreneur that getting kicked out of your own company/dream/idea? I am here for the long run with a vision and mission, and I don't want to get kicked out(My mind voice be like, I haven't started my startup and why am I worried about getting kicked out😂) And the only way is to have deep pockets to own the company? I can put my blood, sweat and tears but money? I think the only way is to build a startup exit, cash out and use that money to build another startup? And it's a whole new ball game when it comes to hardware + software startups. As just a software or SaaS based startups, your resource requirement is quite low as compared to hardware. But what he is doing or have done is really amazing and hope Navi as a company succeeds and Sachin as an entrepreneur becomes what he wishes to be.
Thank you so much Karthik, so glad you enjoyed the video and story within. I think raising venture capital really is the only path for a lot of entrepreneurs who want to build fast (5-10 years fast, rather than multiple decades). The multi-decade thing can work if you start small from a bootstrapped startup (which you exit and get rich from), then pour that wealth into your next business. Elon Musk took this approach I think, with PayPal (not sure if that was bootstrapped or funded), then Tesla, then SpaceX/Boring and now Twitter. Hardware though, as you said, is next to impossible to bootstrap. So I think the only way it works is if you have a huge TAM and there isn't a big threat of competition wiping you out. With this, you can own less than 10% of your company and still walk away filthy rich to build something new in the future (which is basically what happened with Flipkart, although it wasn't a hardware play). -Caleb
From the research to presentation this video piece can match the quality of WSJ & Bloomberg. (Although I know how opinionated Bloomberg news is but still some of their news pieces are worth watching/reading)
Thanks so much Abhishek, we're working hard to upgrade the visuals and research simultaneously, glad you're enjoying and appreciating the efforts 🙂 bit by bit, we are improving and getting better at what we do. -Caleb
very well explained, now I am interested to invest in NAVI IPO.....If I wait for to list in market , the Mutual fund or ace investor take the price to high level on starting day of listing
Good video. But guys before taking loan out of any NBFCs such as Navi, make sure to compare it with interests elsewhere. NBFCs charge insanely high interests which hurts you in long term. Make sure the reason of you borrowing money is worth bearing that pressure. Also NBFCs are notorious for using unethical recovery method, so yeah speculate nicely before taking loans. Don't just celebritify these founders and blindly trust their products.
Actually, universal banking licenses are issued very rarely from what I've understood - Navi's approach was extremely unusual and bold, and I think the odds were unfortunately stacked against them from the start. They did everything they could, but their approach seems to have been too atypical for the RBI to approve. -Caleb
I think the problem is the shallow penetration of official financial services (loans and insurance) in India. They’re two sides of the same coin: insurance protects you when things go wrong with your health or your vehicle, and loans protect you when things go wrong with your finances - this one is a double edge sword, but the alternative is borrowing from family and friends or loan sharks (which can turn into bonded labour/slavery), so proper insurance/access to loans is important. It seems like Navi has identified the untapped potential in the Indian market for financial services, and wants to penetrate that market with tech and automation in ways that traditional banks, which are slow, lumbering institutions built for the pre-internet/smartphone world, have not done effectively (this is where the startup mentality comes in, to disrupt these legacy banks). That’s my understanding anyways. Their plans have been sort of derailed by the RBI’s rejection though, so I’m not sure what this means for them. -Caleb
@@backstagewithmillionaires Woah, thanks for your comment. Lets see how accessible/affordable Navi ends up being considering recurring revenue(from loans/insurance) is the major source of income for financial institutions. Kudos to Sachin Bansal for taking up the challenge
8 p.m. to 11 p.m. IST is actually our peak view time according to RUclips Analytics! However, we were aiming for 8 p.m. as we know some younger or older viewers might sleep a bit earlier than people in their 20s - the video was pushed closer to 9 due to some unforeseen technical issue. -Caleb
Great work BwM team. In my opinion, this is a very wrong time to go public. The company gonna lose its current market valuation within the first week and after anchor investors exit after a month, the valuation gonna fall further down. I'm not much concerned about the PAN issue, because all banks do have the details but then they will take care to hash the PAN details in their SMSs. But I'm really disappointed with NAVI's decision to force users to use the same phone for a long period, this kind of company decision shows the immaturity and lack of sight. God knows what more stupid rules they keep post IPO
What about the sms problem and the app not being deleted or phone not being changed. Is this problem addressed or still persisting. You got any details on the same
Hmm... IPO is for under 8.875% public dilution. Will Sachin be the richest in India after Navi goes public?Just curious. Like Elon Musk did in 2019-2020-2021, he zoomed way past 100s of others, Sachin maybe looking at a similar trajectory.
Government supposed to encourage good entrepreneur and protect public from crony capitalists. India needs to reinvent herself to support good business environment.
while e-commerce in India is not far behind than that in usa, financial markets in India is eons behind than that in usa further India's e-commerce has seen wide acceptance, but Indians generally have very poor financial habits and education to crack the financial markets in India by NAVI will NOT be easy because it is a highly regulated sector unlike e-commerce and growth will be quite slower than those seen in e-commerce I don't think US investors will be much interested to go through such headache; as foreign presence in banking and financial sector is NOT much preferred in any country as it undermines sovereignty.
That’s actually not always the primary reason Anikesh. Sometimes they go public under pressure from investors to give exits to stakeholders. Another reason why a company (even one which can raise money from investors or is doing well financially) might go public is the visibility and credibility that an IPO gives - being transparent with company info and financials can result in more business from customers, and it can also be an easy path to a merger or acquisition. So it’s not always about entirely about capital. -Caleb
First Navi should ask its employees to follow RBI issued guidelines ,then lecture people ! Navi and Chinese loan apps both are same...only difference is , Navi is Rbi registered but still, openly flouts RBI guidelines by hacking customers contact details and media and sending abusive messages to the contacts....find a good alternative but don't use Navi...many people committed suicide due to harrassement by Navi employees
Not sure what to tell you Deepanshu. If pointing out Sachin’s struggles with courts across India, the unethical SMS practices of Navi, the strict fraud policy they have which restricts people from deleting the Navi app, and the coverage of the failure to secure a universal banking license, all sounds like paid promotion to you, then there’s nothing I can say to change your mind 😂 -Caleb
This video is soo detailed
Clearly shows a lot of work has gone into this
And it’s soo fluidly done
Well done
Sachin has got a new fan and btw Backstage with Millionaires is doing phenomenal job. Kudos!!
Good comment 👍
Bhai, Sachin Bansal is a big Fraud! Amazon ko copy karke koi mahaan kaam kuch bhi nahi kiya woh...flipkart waist bhi losses mein hai aur rahegi...iss fraud ne Naya dhandha chalu kiya, Mota interest rate per loans...lekin many customers committed suicide because of NAVI employees torture !
For these type of videos only, i have subscribed to this channel.
I first used Flipkart back in 2014. Now I am using Navi for personal loans without even knowing that they both are products of Sachin Bansal.
Nice work buddy. Navi is really doing good for people. Easy lones and insurance using server from last 1 year fully satisfied.
Really a grt vid.
The info is absolute!!
Your story telling skills are to be reckoned with.
Todays startups are like
Play with some ones money.
If will all win. If loose u don't loose.
Building company with your own money need lot of patience, guts and perseverance.
This video is pure gold! Kudos to Caleb for presenting and kudos to the research team!
Lot of lessons form this story.
This is what scares me as prospective entrepreneur that getting kicked out of your own company/dream/idea? I am here for the long run with a vision and mission, and I don't want to get kicked out(My mind voice be like, I haven't started my startup and why am I worried about getting kicked out😂)
And the only way is to have deep pockets to own the company? I can put my blood, sweat and tears but money? I think the only way is to build a startup exit, cash out and use that money to build another startup?
And it's a whole new ball game when it comes to hardware + software startups. As just a software or SaaS based startups, your resource requirement is quite low as compared to hardware. But what he is doing or have done is really amazing and hope Navi as a company succeeds and Sachin as an entrepreneur becomes what he wishes to be.
Thank you so much Karthik, so glad you enjoyed the video and story within. I think raising venture capital really is the only path for a lot of entrepreneurs who want to build fast (5-10 years fast, rather than multiple decades). The multi-decade thing can work if you start small from a bootstrapped startup (which you exit and get rich from), then pour that wealth into your next business. Elon Musk took this approach I think, with PayPal (not sure if that was bootstrapped or funded), then Tesla, then SpaceX/Boring and now Twitter.
Hardware though, as you said, is next to impossible to bootstrap. So I think the only way it works is if you have a huge TAM and there isn't a big threat of competition wiping you out. With this, you can own less than 10% of your company and still walk away filthy rich to build something new in the future (which is basically what happened with Flipkart, although it wasn't a hardware play). -Caleb
Wow such a great explaination. I don't think Indian Fin-fluencers could even come close to the level of detail and insights you provide.
Salute to Sachin, thanks for educating..👍
From the research to presentation this video piece can match the quality of WSJ & Bloomberg.
(Although I know how opinionated Bloomberg news is but still some of their news pieces are worth watching/reading)
Thanks so much Abhishek, we're working hard to upgrade the visuals and research simultaneously, glad you're enjoying and appreciating the efforts 🙂 bit by bit, we are improving and getting better at what we do. -Caleb
But by bit?! Uh r progressing giga byte by Terra byte😅
It all starts like this...
But soon after IPO, his stake will fall to ZERO... by dumping his share onto retail investors
Detailed and refined 🔥🔥
very comprehensive video, all negative+ positive points covered unlike other youtube.
Great and Detailed Video.
We believe in Sachin supremacy
Comment for the algorithm ❤️
Sad that Navi mutual fund doesnt exist in most of the stock broking apps 😔
good actually there must be something shady which we don't know that the companies know
It's a Fraud company stay away from it...
very well explained, now I am interested to invest in NAVI IPO.....If I wait for to list in market , the Mutual fund or ace investor take the price to high level on starting day of listing
NCDs are not a guaranteed form of investment, there have been instances of the public losing money by investing in NCDs (DHFL)
Very well explained and so detailed 😃
Details are superb
I have been using this same busted phone from 2018
Same bro, same 🥺
Good video.
But guys before taking loan out of any NBFCs such as Navi, make sure to compare it with interests elsewhere.
NBFCs charge insanely high interests which hurts you in long term.
Make sure the reason of you borrowing money is worth bearing that pressure.
Also NBFCs are notorious for using unethical recovery method, so yeah speculate nicely before taking loans.
Don't just celebritify these founders and blindly trust their products.
Hey buddy you make great videos ......
It was a good informative video
Thanks!
Thank you so much for the financial support Rajesh 🙂 -Caleb
God damn, i love this channel
Great Video @celeb. Its brave of Sachin to do this, do you know anybody who got unversal banking license in last 3-4 years?
Actually, universal banking licenses are issued very rarely from what I've understood - Navi's approach was extremely unusual and bold, and I think the odds were unfortunately stacked against them from the start. They did everything they could, but their approach seems to have been too atypical for the RBI to approve. -Caleb
@@backstagewithmillionaires "Move fast & break things" 🙂
I guess don't break people's privacy and your reputation.
Detailed information
Great video. Did not understand what problem navi as a startup is solving though
I think the problem is the shallow penetration of official financial services (loans and insurance) in India. They’re two sides of the same coin: insurance protects you when things go wrong with your health or your vehicle, and loans protect you when things go wrong with your finances - this one is a double edge sword, but the alternative is borrowing from family and friends or loan sharks (which can turn into bonded labour/slavery), so proper insurance/access to loans is important. It seems like Navi has identified the untapped potential in the Indian market for financial services, and wants to penetrate that market with tech and automation in ways that traditional banks, which are slow, lumbering institutions built for the pre-internet/smartphone world, have not done effectively (this is where the startup mentality comes in, to disrupt these legacy banks).
That’s my understanding anyways. Their plans have been sort of derailed by the RBI’s rejection though, so I’m not sure what this means for them. -Caleb
@@backstagewithmillionaires Woah, thanks for your comment. Lets see how accessible/affordable Navi ends up being considering recurring revenue(from loans/insurance) is the major source of income for financial institutions. Kudos to Sachin Bansal for taking up the challenge
Video is great! Also, I Would Like to appreciate thinking behind thumbnail design, It's a nice design.
Thank you Rishu! Had fun making this thumbnail 🙂 -Caleb
Sachin Bansal noice one
i think in the long run it's going to successful.
How about their stability in mutual funds? Shall we pull out or stay in?
Love your videos
If this video actually came out at 9 PM it was quite weird I think (acc to Indian Audience time )
8 p.m. to 11 p.m. IST is actually our peak view time according to RUclips Analytics! However, we were aiming for 8 p.m. as we know some younger or older viewers might sleep a bit earlier than people in their 20s - the video was pushed closer to 9 due to some unforeseen technical issue. -Caleb
What a well made video
Can you please make a video on Cashfree
Great information buddy,,,
what about his another acquired company called Chaitanya India Fin cred ltd, does it get affect from that Navi failure????
Great work BwM team.
In my opinion, this is a very wrong time to go public. The company gonna lose its current market valuation within the first week and after anchor investors exit after a month, the valuation gonna fall further down.
I'm not much concerned about the PAN issue, because all banks do have the details but then they will take care to hash the PAN details in their SMSs. But I'm really disappointed with NAVI's decision to force users to use the same phone for a long period, this kind of company decision shows the immaturity and lack of sight. God knows what more stupid rules they keep post IPO
I trust Sachin Bansal
Waiting for official merchandise !!
How are you counting revenue ? Does it include the disbursed capital or only the interest return they made ?
i m definitely going to invest in this company
there's no disclaimer in the video. The end of video is more like an investment idea for future ipo of NAVI.
Hi Ked, disclaimer as in? -Caleb
What about the sms problem and the app not being deleted or phone not being changed. Is this problem addressed or still persisting.
You got any details on the same
Hmm... IPO is for under 8.875% public dilution. Will Sachin be the richest in India after Navi goes public?Just curious. Like Elon Musk did in 2019-2020-2021, he zoomed way past 100s of others, Sachin maybe looking at a similar trajectory.
I don't if it's just me but I think I've seen more navi ads before than now although they increased their market spend by 10x
Indian largest e-commerce company is IRCTC.
Somehow they managed same colour for both buildings.
Navi doesn't really stand for New, it's short for Navigation, basically to help people Navigate their finances.
No.. it is a top tier Esports team from Ukraine.
Government supposed to encourage good entrepreneur and protect public from crony capitalists. India needs to reinvent herself to support good business environment.
Navi will fail..just want to make quick money through IPO
After that Navi ll bought by USA again.. good strategy isn't 🤔🤔🤔
while e-commerce in India is not far behind than that in usa, financial markets in India is eons behind than that in usa
further India's e-commerce has seen wide acceptance, but Indians generally have very poor financial habits and education
to crack the financial markets in India by NAVI will NOT be easy because it is a highly regulated sector unlike e-commerce and growth will be quite slower than those seen in e-commerce
I don't think US investors will be much interested to go through such headache; as foreign presence in banking and financial sector is NOT much preferred in any country as it undermines sovereignty.
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
Read or hear the audiobook " The big billion dreams "
Random correction: Navi is a Marathi word not a Hindi one :)
Comment.
Are those news paper posts from real news website?
Yes! We just screenshot the site and animate it with effects. -Caleb
@@backstagewithmillionaires looks amazing and very professional.
Avoid IPO if valuation is like paytm IPO was
Bhai log Sachin Bansal ko sharam aana chahiye ki unke call center ke log customer se kaise baat karte gali dete Sachin Bansal shame on u
😊👍
😊👍🏻🥈 -Caleb
I know that companies go public to get more capital 💀
That’s actually not always the primary reason Anikesh. Sometimes they go public under pressure from investors to give exits to stakeholders. Another reason why a company (even one which can raise money from investors or is doing well financially) might go public is the visibility and credibility that an IPO gives - being transparent with company info and financials can result in more business from customers, and it can also be an easy path to a merger or acquisition. So it’s not always about entirely about capital. -Caleb
@@backstagewithmillionaires wow! I did not know about this before 😅, thanks you Caleb for letting me know 🙏
First Navi should ask its employees to follow RBI issued guidelines ,then lecture people ! Navi and Chinese loan apps both are same...only difference is , Navi is Rbi registered but still, openly flouts RBI guidelines by hacking customers contact details and media and sending abusive messages to the contacts....find a good alternative but don't use Navi...many people committed suicide due to harrassement by Navi employees
Sachin is a true nationalist
what a crazy thumb!
Do u wanna meet in bangalore ?
Navi is a very very hrashment loan aap
Sounds like a paid video from navi
Not sure what to tell you Deepanshu. If pointing out Sachin’s struggles with courts across India, the unethical SMS practices of Navi, the strict fraud policy they have which restricts people from deleting the Navi app, and the coverage of the failure to secure a universal banking license, all sounds like paid promotion to you, then there’s nothing I can say to change your mind 😂 -Caleb
Got to say Navi logo isn't good
Navi is very cheap loan aap don't get loan
2nd..
Almost Sen! 🙂🥉 -Caleb
.
Rubbish company
1st
Nicely done Tarak! 🙂🥇 -Caleb
he is looking for long term exit just like bill gates. exit in his retirement
Why a Gora is making videos related to India. Can anybody explain what I don't know?
Hi Technical Call, this video will answer that question 🙂 ruclips.net/video/KjySP-7acyY/видео.html -Caleb