Navi Secures $100M Investment from Prosus in First Institutional Funding Round
Indian fintech startup Navi has secured a $100 million investment from global technology investor Prosus, marking its first institutional funding round. The deal values the Bengaluru-based company at approximately $1.3 billion and follows earlier plans to raise capital at a higher valuation of around $2 billion in 2024. Founded by former Flipkart co-founder Sachin Bansal in 2018, Navi offers digital financial services such as payments, lending, insurance, and mutual funds. The investment is expected to support the company’s upcoming initial public offering (IPO), with reports indicating it plans to raise ₹30 billion ($314 million). Previously, Navi had filed for a $440 million IPO in 2022 but scrapped the plan due to market conditions. Navi reported revenue of ₹30.91 billion ($323.33 million) and a net loss of ₹4.66 billion ($48.74 million) for fiscal year ending March 2026, while its lending arm manages over $1.4 billion in assets under management.
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Topics: fintech investment IPO plans