Indian fintech Navi raises $100M from Prosus, valuing the company at $1.3 billion

Navi Secures First Institutional Funding

Navi, an Indian fintech company established by Flipkart co-founder Sachin Bansal, has received $100 million in institutional funding from Prosus. This marks the first external capital raised by the eight-year-old startup. The investment values Navi at approximately $1.3 billion, following previous attempts to raise capital at a higher valuation.

Company Background and Services

Sachin Bansal founded Navi in 2018 after his departure from Flipkart following its acquisition by Walmart. Navi offers a range of financial services, including digital payments, lending, insurance, and mutual funds. The company's app is the fourth-largest UPI app in India, processing over 947 million transactions in July.

Financial Performance and IPO Plans

For the financial year ending March 2026, Navi reported revenues of approximately $323.33 million and a net loss of around $48.74 million. The investment from Prosus occurs as Navi is reportedly preparing for an initial public offering (IPO) to raise about $314 million, after an earlier $440 million IPO plan in 2022 was abandoned due to market conditions.

Impact and Future Outlook

The Prosus investment is seen by Bansal as an endorsement of Navi's institutional development and its potential for growth. Navi Finserv, the company's lending arm, manages over $1.4 billion in assets. The company claims to serve hundreds of millions of users across India and achieved consolidated profitability in Q4 of fiscal 2026.