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Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosusinvestment

Navi, the fintech startup founded by Sachin Bansal, has secured $100 million in funding from Prosus, valuing the company at approximately $1.3 billion. This marks Navi's first institutional investment and comes as the startup prepares for a public offering. Navi, which offers a variety of financial services, has ambitions to grow into a full-scale bank.

Key points

  • Navi raised $100 million from Prosus, the first institutional funding for the startup.
  • The investment values Navi at around $1.3 billion.
  • Navi was founded in 2018 by Sachin Bansal after he left Flipkart.
  • The startup plans to raise ₹30 billion (about $314 million) in an IPO.
  • Navi abandoned an earlier plan for a $440 million IPO in 2022 due to market conditions.
  • The company reported ₹30.91 billion in revenue but faced a net loss of ₹4.66 billion for the fiscal year ending March 2026.
  • Navi's app is the fourth-largest UPI app in India, processing over 947 million transactions in July.
  • Navi Finserv has more than ₹130 billion in assets under management.

Why it matters

  • The investment demonstrates the rising interest and growth potential in fintech startups in India.
  • Reflects broader trends in 2025 where fintech solutions are increasingly integrating with traditional banking services.
  • Bansal's shift from e-commerce to fintech highlights the diversification within the Indian tech ecosystem post-Flipkart's sale.

The Prosus investment signifies a pivotal moment for Navi, validating its business model and growth strategy while highlighting the dynamic evolution of India's fintech landscape.