Navi Technologies, co-founded by Sachin Bansal, was hit by a payment gateway fraud costing ₹14.26 crore in December 2024. Fraudsters manipulated transaction amounts through a third-party gateway, paying minimal amounts while the company incurred full charges. The breach was identified by Navi’s vigilance team, prompting an ongoing investigation by Bengaluru’s Whitefield Cyber Crime Police.
How Flipkart co-founder Sachin Bansal’s fintech startup Navi lost Rs 14 crore to payment gateway fraud
