Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosus investment
Indian fintech Navi has raised $100 million from Prosus, marking the first institutional funding for the eight-year-old startup founded by Flipkart co-founder Sachin Bansal (pictured above, right). The investment values Navi at about $1.3 billion, according to people familiar with the matter.
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Key Facts
- Fact 1: Indian fintech Navi has raised $100 million from Prosus, marking the first institutional funding for the eight-year-old startup founded by Flipkart co-founder Sachin Bansal (pictured above, right).
- Fact 2: The investment values Navi at about $1.3 billion, according to people familiar with the matter.
- Fact 3: It comes after the Bengaluru-based startup sought to raise external capital from institutional investors at a valuation of about $2 billion in 2024.
- Fact 4: Bansal founded Navi in 2018 after leaving Flipkart following its sale to Walmart.
Indian fintech Navi has raised $100 million from Prosus, marking the first institutional funding for the eight-year-old startup founded by Flipkart co-founder Sachin Bansal (pictured above, right). The investment values Navi at about $1.3 billion, according to people familiar with the matter.
It comes after the Bengaluru-based startup sought to raise external capital from institutional investors at a valuation of about $2 billion in 2024. Bansal founded Navi in 2018 after leaving Flipkart following its sale to Walmart. The fintech provides a range of financial services, including digital payments, lending, insurance, and mutual funds.
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Original source: TechCrunch
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