India, March 18 -- Two former senior executives of fintech unicorn Navi, Shobhit Agarwal and Apurv Anand, have reportedly teamed together to launch a new venture in the asset management space after quitting the Sachin Bansal-led startup.

A Moneycontrol report, citing sources, said that the new venture will offer portfolio management services (PMS). However, the duo is yet to start the process to apply for a licence from the Securities and Exchange Board of India (SEBI) and register the company with the corporate affairs ministry.

The registration process is expected to take two months and the duo is in discussions with investors to raise seed funding for the venture.

Inc42 has reached out to Agarwal and Anand for comments on the develo...