How Flipkart co-founder Bansal's startup lost Rs 14cr to payment gateway fraud
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.
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.
