Funding · Financial Services

Navi raises $100 million from Prosus

By Startup Enthusiast · 17 August 2026

What they do

Navi is a digital financial services platform offering UPI payments, loans, insurance, and mutual funds

It raised $100 million from Prosus, its first external institutional funding, at a valuation of about $1.3 billion

The company plans an IPO at around a $2 billion valuation a few months after this investment

Navi raised $100 million from Prosus, its first external institutional funding round.
The investment was made through MIH Payments Holdings BV, an indirect wholly owned subsidiary of Prosus NV.
The transaction involves acquisition of a minority stake in Navi.
Navi sought CCI approval for the investment.
The funding values Navi at about $1.3 billion.
Navi had earlier sought external funding at about a $2 billion valuation in 2024.
The company plans an IPO at around a $2 billion valuation, a few months after this investment.
The IPO is expected to raise $300 million (around Rs 3,000 crore).

Prosus was an investor in Flipkart, where Navi founder Sachin Bansal was a co-founder.
Navi filed for a $440 million IPO in 2022 but abandoned the plan in 2023.
The RBI had paused new loan sanctions by Navi Finserv in October 2024 over compliance issues; the pause was lifted in December 2024.
Navi reported consolidated profitability in Q4 FY26.

Navi is a digital financial services platform offering UPI payments, loans, insurance, mutual funds, bills and recharges.
The Navi app is the fourth-largest UPI app in India by transaction volume.
Navi's UPI market share was 4% in July 2026, up from 3.7% in June and 3.6% in May.
In July 2026, Navi processed 94.7 crore transactions worth Rs 48,318 crore.
Navi Finserv, the lending arm, has a loan book (AUM) of over Rs 13,000 crore as of 31 March 2026.
Personal loans account for 90% of Navi Finserv's loan book; the rest is loan against property (LAP).
The average ticket size is about Rs 1.4 lakh for personal loans and Rs 30 lakh for LAP.
Navi Finserv disbursed loans worth around Rs 23,287 crore in FY26.
Navi also sells mutual funds and insurance to customers, and launched motor insurance in March 2026.

Navi plans an IPO at around a $2 billion valuation, a few months after the investment.
The IPO is expected to raise $300 million (around Rs 3,000 crore).
Navi Finserv plans to expand into LAP, merchant financing, and loans against mutual funds.
Merchant financing is possible only after the parent secures a payment aggregator licence.
Navi Finserv aims to grow its loan book cautiously, targeting growth of at least 30%.

Product: Consumer-facing digital financial services platform with UPI payments, loans, mutual funds and insurance.
Customers: Indian consumers seeking everyday payments and personal finance products.
How it makes money: Earns from financial product distribution, lending activity and related service fees.
What sets it apart: Vertically integrated platform spanning payments, lending, investing and insurance.
Operations: Operates through Navi Finserv, an RBI-registered NBFC, for lending and related financial services.