Navi Secures $100M From Prosus Ahead of IPO

Navi, the Indian fintech company founded by Flipkart co-founder Sachin Bansal, has secured $100 million in its first institutional funding round from Dutch technology investor Prosus NV. The investment, announced on August 19, 2026, values the Bengaluru-based startup at approximately $1.3 billion and comes as the company prepares for an initial public offering.

The deal marks a significant strategic shift for Navi, which has been entirely bootstrapped by Bansal since its founding in December 2018. The capital injection is intended to bolster the company's balance sheet ahead of a planned IPO, with fresh filings anticipated in the coming fiscal year. The investment is subject to customary regulatory approvals, including clearance from the Competition Commission of India.

Navi offers a range of digital-first financial services, including digital payments, personal and home loans, health insurance, and mutual funds. Its app, which operates on the government-backed Unified Payments Interface (UPI), is India's fourth-largest UPI platform, following PhonePe, Google Pay, and Paytm. According to data from the National Payments Corporation of India, the app processed over 947 million...