Financial company Navi Limited, founded by Sachin Bansal, has successfully raised $100 million in its first institutional funding round from Prosus.
Navi was established in 2018 and provides diverse financial services, including loans, insurance, mutual funds, and UPI payments. According to the statement, the Navi Finserv division exceeded assets under management of ₹13,000 crore, and the company achieved consolidated profitability in the fourth quarter of fiscal year 26.
Sachin Bansal, founder and executive chairman of Navi Group, commented on the investment from Prosus, stating: 'Their investment is a strong endorsement of the institution we are building at Navi. Beyond capital, we value Prosus's global perspective, long-term orientation, and experience in scaling technology enterprises, and we look forward to partnering with them as we continue our growth journey.'
The statement also emphasized that this investment aligns with Prosus's strategy to support leading technology platforms in India and reflects the company's confidence in Navi's business model, its execution capabilities, and its long-term plans to create one of India's leading tech-based financial institutions.
Ashutosh Sharma, Head of Investments and M&A at Prosus India, stated regarding the investment in Navi: 'We are delighted with our partnership with Navi, a business that exhibits all the qualities we look for when investing—a large base of loyal users, a platform approach with multiple business verticals, a technology-driven approach to problem-solving, and an unwavering focus on delivering an excellent customer experience.'
The transaction is subject to customary closing conditions and obtaining necessary regulatory approvals, including approval from the Competition Commission of India (CCI).
