Navi, the Indian fintech built by Flipkart founder Sachin Bansal, has taken its first outside capital: a $100M investment from Dutch tech investor Prosus that values the company at about $1.3B.
The Bengaluru-based firm offers UPI payments, lending, insurance and mutual funds. Its UPI app is India’s fourth-largest, processing more than 947 million transactions in July, while lending arm Navi Finserv holds over ₹130B, roughly $1.4B, in assets under management.
The check lands as Navi reportedly prepares to go public. It filed for a $440M IPO in 2022, abandoned the plan the following year, and is now said to be working toward a ₹30B offering of about $314M. Bansal had sought external capital at close to a $2B valuation in 2024.
Bansal left Flipkart in 2018, selling his stake just before Walmart closed its $16B acquisition, and has poured hundreds of millions of his own money into Navi. The company reached consolidated profitability in Q4 of fiscal 2026 even as its net loss widened to roughly $49M for the year ended March.
Prosus knows Bansal well: its parent Naspers backed Flipkart before the Walmart deal. Prosus India head Ashutosh Sharma called Navi a platform play with loyal users across multiple lines of business. The deal awaits approval from India’s competition watchdog.
For India’s startup scene, the round signals fresh appetite for late-stage fintech, and it hands Prosus another high-profile Indian bet alongside Swiggy and Meesho.
