Navi, the Fintech Venture Founded by Sachin Bansal, Secures $100M from Prosus

Indian fintech Navi, founded by Flipkart co-founder Sachin Bansal, has secured a significant investment of $100 million from Prosus. This investment marks the first institutional funding for the eight-year-old startup, which was founded in 2018 after Bansal left Flipkart following its sale to Walmart.

Navi provides a range of financial services, including digital payments, lending, insurance, and mutual funds. The fintech has been making significant strides in the Indian market, with its app processing over 947 million transactions valued at ₹483.18 billion (about $5.05 billion) in July, according to data from the National Payments Corporation of India (NPCI).

Despite its impressive growth, Navi has been working to raise external capital from institutional investors. In 2024, the startup had sought to raise funds at a valuation of about $2 billion. However, with the recent investment from Prosus, Navi’s valuation has been pegged at around $1.3 billion.

The investment comes as Navi is reportedly preparing to go public and raise ₹30 billion (about $314 million) in an initial public offering. The startup had originally filed for a $440 million IPO in 2022 but abandoned the plan the following year as the IPO market slumped.

Navi’s lending arm, Navi Finserv, has more than ₹130 billion (about $1.4 billion) in assets under management. The startup serves hundreds of millions of users across India and reached consolidated profitability in Q4 of fiscal 2026.

Commenting on the investment, Sachin Bansal stated that it was a ‘strong endorsement’ of the institution Navi is building. He added that the startup valued the investor’s global perspective and experience scaling technology businesses.

Navi’s growth trajectory and its efforts to expand its services have been impressive. With the investment from Prosus, the startup is well-positioned to continue its expansion and further cement its position in the Indian fintech market.