Indian fintech company Navi has secured $100 million from Prosus, marking the first institutional investment in the eight-year-old startup founded by Flipkart co-founder Sachin Bansal.
The investment values Navi at around $1.3 billion, according to people familiar with the deal. That is below the roughly $2 billion valuation the company reportedly sought when it began exploring external funding in 2024.
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Bansal launched Navi in 2018 after leaving Flipkart following its acquisition by Walmart. The company offers digital payments, lending, insurance and mutual fund services, and Bansal has invested hundreds of millions of dollars of his own money into the business.
Funding Comes Ahead Of Potential IPO
The Prosus investment comes as Navi prepares for a potential public listing. The company is reportedly considering an IPO that could raise around ₹30 billion ($314 million). Navi had previously filed plans for a $440 million IPO in 2022, but dropped them the following year as market conditions weakened.
The latest investment is subject to regulatory approvals and other customary closing conditions.
Navi Expands Its Fintech Business
For the financial year ended March 2026, Navi reported revenue of ₹30.91 billion ($323 million), while its net loss increased to ₹4.66 billion ($48.7 million).
Its payments app is now India’s fourth-largest UPI platform, behind PhonePe, Google Pay and Paytm. In July, Navi processed more than 947 million UPI transactions worth ₹483.18 billion ($5.05 billion), according to data from the National Payments Corporation of India.
Navi’s lending arm, Navi Finserv, has more than ₹130 billion ($1.4 billion) in assets under management. The company says it serves hundreds of millions of users across India and reached consolidated profitability in the fourth quarter of fiscal 2026.
Bansal described Prosus’ investment as a strong endorsement of Navi’s long-term ambitions and said the company valued the investor’s experience in scaling technology businesses.







