Summary
Navi is in advanced talks to raise $250-300M at a $1.8-2B valuation from Prosus (Dutch tech investor) and Accel Growth Fund (US-based). This would be Navi's first external equity funding. Navi Finserv (lending arm) reported FY26 operating revenue of ₹2,461 crore and net profit of ₹292 crore (up 32% YoY). Monthly loan disbursals are ₹3,000-4,000 crore. The company is also planning an IPO in the March quarter of FY27 to raise ~₹3,000 crore, with Kotak Investment Banking appointed to manage the issue. The IPO would include a mix of fresh equity and offer for sale. Navi was rebranded from Navi Technologies to Navi Limited in August 2025. Sachin Bansal (Flipkart co-founder) serves as executive chairman. The company plans to use the capital to expand lending into Southeast Asia.
Key Points
- Raising $250-300M at $1.8-2B valuation
- Investors: Prosus (lead), Accel Growth Fund
- First external equity funding for Navi
- Navi Finserv FY26: revenue ₹2,461 crore, net profit ₹292 crore (+32% YoY)
- Monthly loan disbursals: ₹3,000-4,000 crore
- IPO planned: March quarter FY27, ~₹3,000 crore
- IPO manager: Kotak Investment Banking
- Products: personal loans, home loans, loans against property, health insurance, mutual funds, UPI
- Rebranded to Navi Limited in August 2025
- Founded 2018 by Sachin Bansal and Ankit Agarwal
- Expansion target: Southeast Asia digital lending