# Prosus puts $100M into Navi as Bansal's fintech readies IPO

> The Flipkart co-founder's financial services company has accepted its first outside institutional capital at a valuation of about $1.3 billion as it prepares a roughly $314 million IPO.

- Publication: Go Big News
- By Go Big News Staff (Staff News)
- Category: Startups
- Published: 2026-08-19T15:01:41+00:00
- Canonical: http://www.gobignews.com/startups/prosus-puts-100m-into-navi-as-bansals-fintech-readies-ipo

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Navi, the Indian financial services company founded by Flipkart co-founder Sachin Bansal, has taken its first outside institutional investment, a $100 million infusion from global technology investor Prosus, according to TechCrunch. The deal values the Bengaluru-based company at roughly $1.3 billion and arrives as Navi prepares to go public with plans to raise about 30 billion rupees, or roughly $314 million, reviving listing ambitions it first laid out in a 2022 filing.

Bansal co-founded Flipkart in 2007 and left in 2018 around Walmart's $16 billion acquisition of the e-commerce company, starting Navi that same year. He has funded the business largely with hundreds of millions of dollars of his own money, which makes the Prosus check a notable first vote of confidence from outside capital. Bansal called the investment a strong endorsement of the institution Navi is building and said he valued the investor's global perspective. His long-term ambition is to build Navi into a bank.

The company has grown into one of India's larger consumer fintech platforms. Navi operates the country's fourth-largest app on UPI, the government-backed real-time payments network that dominates digital transactions in India, trailing only PhonePe, Google Pay, and Paytm. The app processed 947 million transactions worth about 483 billion rupees in July alone. Beyond payments, it offers lending, insurance, and mutual funds, and its lending arm, Navi Finserv, manages about $1.4 billion in assets.

Navi reported revenue of about $323 million for the fiscal year ended March 2026 and reached consolidated profitability in the final quarter of the year, a useful milestone as it heads toward the public markets.

For Prosus, the deal extends a long record of backing Indian technology companies. The Amsterdam-listed investor, majority-owned by South Africa's Naspers, has been among the most active foreign backers of India's internet economy, with investments spanning payments, food delivery, and e-commerce.

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## Companies in this story

- Navi: http://www.gobignews.com/company/navi