Summary
Navi, the fintech founded by Flipkart co-founder Sachin Bansal, raised $100 million from Prosus — its first institutional capital raise — valuing the company at about $1.3 billion. The investment comes as Navi prepares to go public, targeting a ~$314 million IPO that could value the group at around $2 billion. Navi's UPI app is India's fourth-largest, and its lending arm has over $1.4 billion in assets under management. The group reached consolidated profitability in Q4 FY26.
Key Points
- $100M investment from Prosus; Navi's first institutional capital raise
- Values Navi at ~$1.3B (vs ~$2B sought in 2024)
- IPO-bound: targeting ~$314M raise, ~$2B valuation; draft papers expected by December 2026
- Founded by Sachin Bansal in 2018 after leaving Flipkart (sold to Walmart for $16B)
- Navi UPI is India's 4th-largest UPI app (behind PhonePe, Google Pay, Paytm)
- Processed 947M+ transactions valued at ~$5.05B in July
- Navi Finserv AUM >$1.4B (₹130B)
- FY26 revenue ₹30.91B (~$323M); net loss ₹4.66B (~$48.7M)
- Consolidated profitability in Q4 FY26
- Transaction subject to CCI approval; made through Prosus-owned MIH Payments Holdings BV
- Naspers first invested in Flipkart in 2012; Prosus returns to backing Bansal
- Originally filed for $440M IPO in 2022, abandoned in 2023 as IPO market slumped