Sachin Bansal’s Navi Secures $100 Million from Prosus in First Institutional Funding Round

August 20, 2026

Bengaluru-based financial services company Navi has raised $100 million from global investor Prosus, representing the first institutional round of capital for the eight-year-old startup founded by former Flipkart co-founder Sachin Bansal.

What Happened

According to people familiar with the matter, the fresh capital infusion values Navi at approximately $1.3 billion. The agreement remains subject to regulatory approvals and customary closing conditions. This marks the company’s first external institutional investment since Bansal established the venture in 2018, having previously funded the enterprise with hundreds of millions of dollars of his own capital following his departure from Flipkart.

The investment follows earlier efforts by Navi in 2024 to secure external institutional capital at an estimated valuation of around $2 billion. Bansal remarked that the backing from Prosus serves as a strong endorsement of the institution Navi aims to build, highlighting the value of the investor’s international perspective and background in scaling digital enterprises.

Key Highlights

Capital Raised: $100 million from Prosus in Navi’s debut institutional funding round.
Valuation: Estimated at approximately $1.3 billion by individuals familiar with the transaction.
Business Portfolio: Offers Unified Payments Interface (UPI) digital payments, mutual funds, personal and home lending, and insurance products.
UPI Market Position: Operates as India’s fourth-largest UPI platform behind PhonePe, Google Pay, and Paytm, recording over 947 million transactions worth ₹483.18 billion ($5.05 billion) in July, based on National Payments Corporation of India (NPCI) data.
Financial Snapshot: Reported revenue of ₹30.91 billion ($323.33 million) with a net loss of ₹4.66 billion ($48.74 million) for the financial year ending March 2026, alongside reaching consolidated profitability in the fourth quarter of that fiscal year.
Lending Scale: Its lending division, Navi Finserv, holds more than ₹130 billion ($1.4 billion) in assets under management.

Why This Matters

The transaction brings outside institutional backing to an enterprise that has largely operated on founder-led capital. Navi previously explored a public listing by filing for a $440 million initial public offering (IPO) in 2022, a plan that was subsequently withdrawn in 2023 amid an IPO market downturn. The new investment arrives as the company reportedly prepares for a potential public offering to raise ₹30 billion (around $314 million).

What to Watch Next

The completion of the transaction depends on fulfilling standard closing conditions and securing relevant regulatory approvals. Observers will also track the reported preparations for the startup’s planned ₹30 billion initial public offering.

Frequently Asked Questions

Who is the founder of Navi?

Navi was founded in 2018 by Sachin Bansal, who previously co-founded e-commerce giant Flipkart before leaving following its sale to Walmart.

What services does Navi provide?

Navi operates across digital payments via UPI, consumer lending, mutual funds, and insurance.

How large is Navi’s payments and lending presence?

Navi ranks as the fourth-largest UPI app in India and processed over 947 million transactions in July, according to NPCI data. Its lending division, Navi Finserv, manages more than ₹130 billion in assets under management.

Source: TechCrunch.