Prosus invests $100M in Indian fintech company Navi at $1.3B valuation

Dutch technology investor Prosus NV is putting $100 million into Navi, an Indian digital financial services platform that has, until now, run entirely on its founder’s personal checkbook. The primary investment values Navi at approximately $1.3 billion and sets the stage for what could be one of India’s more closely watched fintech IPOs in the coming fiscal year. For a company that’s been bootstrapped by a billionaire for nearly eight years, accepting outside money is less a sign of desperation and more of a strategic pivot. Navi is using the capital injection to bolster its balance sheet ahead of a public listing, with fresh IPO filings anticipated in FY27. From Flipkart exit to fintech ambition Navi was founded in December 2018 in Bengaluru by Sachin Bansal and Ankit Agarwal. Bansal, of course, is best known as the co-founder of Flipkart, India’s homegrown e-commerce giant that Walmart acquired in 2018 for $16 billion. After exiting Flipkart, Bansal plowed his personal wealth into building Navi as a digital-first financial services platform. The company operates through its non-banking financial company (NBFC) arm, offering a sprawling menu of products: personal loans, home loans...