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’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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