Prosus Invests $100 Million in Sachin Bansal’s Navi at $1.3 Billion Valuation

Summary

Prosus will invest $100 million in Bengaluru fintech Navi, its first institutional funding since Sachin Bansal founded it eight years ago. People familiar with the deal put Navi’s valuation near $1.3 billion, below the roughly $2 billion sought in 2024; Bansal did not comment on that figure. The transaction requires customary closing conditions and regulatory approvals. Navi is reportedly preparing a ₹30 billion, about $314 million, IPO after filing for a $440 million offering in 2022 and abandoning it in 2023 during a market slump. Bansal called Prosus’s backing an endorsement of Navi and cited the investor’s global technology scaling experience.

Navi offers payments, lending, insurance and mutual funds, reporting ₹30.91 billion, about $323.33 million, in revenue for the year ended March 2026, while its net loss widened to ₹4.66 billion, around $48.74 million; it says it achieved consolidated profitability in fiscal Q4. Its app ranked fourth in India’s government-backed Unified Payments Interface market behind Walmart-owned PhonePe, Google Pay and Paytm, processing more than 947 million transactions worth ₹483.18 billion, about $5.05 billion, in July, according to National Payments Corporation of India data. Navi Finserv manages more than ₹130 billion, about $1.4 billion, and Navi claims hundreds of millions of Indian users. Bansal, who co-founded Flipkart with Binny Bansal in 2007, left and sold his stake in 2018 before Walmart completed its $16 billion majority acquisition, then invested hundreds of millions of his own dollars in Navi while pursuing his ambition to build a bank.