Bengaluru: Sachin Bansal-led financial services firm Navi will receive a $100-million investment from Prosus, marking its first institutional capital raise, the companies said on Wednesday.The transaction is subject to customary closing conditions and regulatory clearances, including approval from the Competition Commission of India. IPO-bound Navi and Prosus did not disclose the valuation, the stake to be acquired or how the fresh capital will be deployed.The investment renewed Bansal’s association with the Naspers and Prosus group. Naspers was an investor in Flipkart, which Bansal co-founded before leaving the ecommerce company in 2018.“Their investment is a strong endorsement of the institution we’re building at Navi,” Bansal, co-founder and executive chairman of Navi Group, said. “Beyond the capital, we value Prosus’s global perspective, long-term orientation and experience in scaling technology businesses.”Navi operates across payments and lending, among other financial services businesses. The company said its UPI app remained India’s fourth-largest during FY26. Navi Finserv’s assets under management crossed Rs 13,000 crore during the year.The group also achieved consolidated profitability in the March quarter of FY26, helped by improving unit economics and operating leverage. It did not disclose the quantum of profit or its financial performance for the full year.Prosus India investments and M&A head Ashutosh Sharma said Navi had built a large user base and multiple business lines on a technology-led platform. He said the company had executed well over the past year despite a difficult operating environment.“In Sachin, we see a founder who shares our philosophy of patient company-building, building better products, and creating meaningful long-term value at scale,” Sharma said.The deal gives Navi a large global institutional backer as it seeks to expand its financial services franchise. Prosus has invested in several Indian technology companies, including Swiggy, Meesho and PayU.
