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Navi Raises $100 Million From Prosus At A $1.3 Billion Valuation

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.

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.

Dictionary.com Names ‘Maxxing’ Its Word Of The Year For 2026

Dictionary.com has named “maxxing” its Word of the Year for 2026, reflecting a growing online trend of optimising almost every aspect of life, from health and appearance to work and leisure.

The choice follows last year’s selection of “6-7”, a phrase popularised by younger internet users. Unlike that expression, “maxxing” has spread beyond niche online communities into everyday social media language.

From “Looksmaxxing” To Mainstream Usage

Derived from “maximising”, “maxxing” describes doing something to the fullest or optimising it as much as possible. According to Dictionary.com, its roots lie in phrases such as “maxing out” a credit card and gaming terminology.

During the 2010s, the term gained traction in manosphere and incel communities through “looksmaxxing”, referring to efforts to improve physical attractiveness through fitness, grooming and, in some cases, more extreme measures.

The word later became associated with controversial manosphere influencers, including livestreamer Braden Peters, known as Clavicular, who promotes an intense focus on male appearance.

A Broader Meaning

Younger social media users have since expanded “maxxing” beyond its original associations. Searches for the term surged in August as it became a label for everything from wellness routines to workplace habits. It is also used ironically to poke fun at the pressure to constantly improve.

“Maxxing is the linguistic manifestation of a culture increasingly preoccupied with getting the most out of everything,” said Steve Johnson, director of lexicography for Dictionary Media Group at IXL Learning.

Johnson noted that the term can signal enthusiasm for self-improvement, exaggerate it for humour or reject the idea of constant optimisation altogether. Examples include “proteinmaxxing” at breakfast, “tokenmaxxing” with AI tools at work and “cozymaxxing” on a Friday night.

The Many Forms Of “Maxxing”

The term has generated numerous variations. “Softmaxxing” refers to relatively modest appearance improvements, such as a new haircut, while “hardmaxxing” describes more extreme approaches, including severe dieting or cosmetic procedures. “Jestermaxxing” involves using humour to gain social acceptance or online attention, while “sleepmaxxing” focuses on improving sleep quality or duration.

These variations show how the language of optimisation has spread across personal identity, health, social status and leisure.

The Pressure To Do More

The popularity of “maxxing” also reflects a wider tension between self-improvement and the expectation to make every activity more productive. In the workplace, “tokenmaxxing” describes employees being encouraged to use AI tools as much as possible, turning technological adoption into another measure of performance.

The term captures a culture in which ordinary activities can become opportunities for measurable gains, even as some people use the language to question that pressure.

Other Words On The Shortlist

Other candidates for Dictionary.com’s 2026 Word of the Year included “affordability”, “data center”, “odyssey” and “unc”.

Interest in “odyssey” may have been boosted by Christopher Nolan’s film The Odyssey, while “unc”, short for “uncle”, is used by Gen Z and Gen Alpha to describe someone older who is perceived as out of touch or uncool.

“Maxxing” ultimately stands out for capturing a defining online impulse: to optimise everyday life, share the process and keep striving for more.

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