BAC Acquisitions (BACQ), the investment firm co-founded by Flipkart Co-founder Sachin Bansal, was renamed as Navi Technologies. "I am sure that this will translate to better acceptance of the brand on a national scale," Bansal said. BACQ was founded in December 2018 by Bansal along with his IIT-Delhi batchmate and former Director at Bank of America Ankit Agarwal.