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

by News Editor

August 20, 2026

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.

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Cyprus Outpaces EU Average In Working-Age Population Share, Eurostat Finds

by THEFUTURE.TEAM

October 6, 2026

Cyprus had a working-age population share of 61.6 per cent on January 1, 2025, placing the country above the European Union average of 58.3 per cent, according to Eurostat.

Cyprus Stands Above The EU Benchmark

The figures show that people aged 20 to 64 made up more than three-fifths of Cyprus’ population at the start of last year. In Eurostat’s regional demographic breakdown, Cyprus is treated as a single region because of its size, rather than being divided into multiple NUTS level 3 areas.

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Wide Gaps Across The Bloc

Across the EU, 58.3 per cent of the population was of working age on January 1, 2025. The share reached at least 63.0 per cent in 39 NUTS level 3 regions, most of them in Germany. The group also included island regions in Spain, alongside several capital regions and their surrounding areas.

Capital And Island Regions Lead

At the top of the range was the Danish capital region of Byen København, where 68.9 per cent of residents were of working age. The same proportion was recorded in Spain’s island region of Eivissa y Formentera, while Fuerteventura stood at 68.3 per cent and Lanzarote at 67.3 per cent.

Rural Europe Skews Older

At the other end of the spectrum, working-age residents accounted for less than 55.0 per cent of the population in 189 EU regions. These areas were largely rural, including inland Portugal, much of rural France, most of eastern Germany, and rural areas in Bulgaria, Greece and the Nordic EU countries.

In six regions, fewer than half of the population was of working age. Those regions were Bornholm in Denmark, Creuse and Lot in south-west France, Etelä-Savo in south-east Finland, the Arrondissement of Veurne in Belgium and the French outermost region of Mayotte.

What The Data Measures

Eurostat’s regional demographic data measure the share of people aged 20 to 64, not the share of people who are actually employed. Cyprus’ 61.6 per cent figure was 3.3 percentage points above the EU average, though still below the highest regional levels recorded across the bloc.

The data underline how sharply Europe’s age structure varies from one region to another, with working-age shares differing significantly between urban centres, capital regions, islands and predominantly rural areas.

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