NAVI RAISES $100M FROM PROSUS IN FIRST OUTSIDE FUNDING

Navi, founded by Flipkart co-founder Sachin Bansal, provides financial products including insurance, lending, and investment services. The Prosus investment values the company at a significant premium, signaling confidence in its growth trajectory. The funding round comes as Navi accelerates its path to going public. The fintech has grown its user base and product offerings since launching in 2018, positioning itself as a direct competitor to established players in India's digital financial services space. Prosus, the global consumer internet investor, joins existing shareholders who have backed Bansal's venture. The capital will likely fund product expansion, technology infrastructure, and market reach initiatives. Navi's IPO plans reflect broader momentum in India's fintech sector, where regulatory clarity and digital adoption continue to drive investor interest. The company joins a growing wave of Indian startups moving toward public markets.