FundingFinancial Services
Navi raises ₹940 Cr from Prosus
By Abha Lohia · Editor ·
Navi valuation
Navi was valued at ₹13,192 Cr (2026), as reported by Entrackr on 30 October 2026.
| Valuation (2026) | ₹13,192 Cr |
|---|
Navi: revenue, valuation and funding and every story →
BengaluruFounded 2018
- Navi, founded by Flipkart co-founder Sachin Bansal, offers lending, insurance, mutual funds and UPI payments
- Prosus Ventures put in about ₹940 crore for convertible preference shares, valuing Navi near ₹13,192 crore
- Bansal still holds 84.34%, while Prosus becomes the largest outside shareholder with 8.59%
What happened
- Navi allotted about 23.94 crore convertible preference shares at ₹39.26 each.
- Prosus Ventures, via MIH Payments Holdings, was the sole investor.
- Valuation is about ₹13,192 crore, up from ₹4,260 crore in April 2020.
- Sachin Bansal keeps 84.34%.
Why it matters
- Prosus becomes Navi's largest external investor at 8.59%.
- Funds go to expansion, subsidiaries and general needs.
The business
- Works in lending, insurance, mutual funds and UPI.
- Launched motor insurance in March 2026.
- Rajiv Naresh is CEO of Navi Technologies.
- Abhishek Dwivedi is CEO of Navi Finserv.
The founders
- Co-founded Flipkart
Who put in money
- Prosus Ventures sole investor
In numbers
₹13,192 CrValuation · 2026
84.34%Founder stake · 2026
Earlier rounds
- April 2020 round valued Navi at ₹4,260 Cr
The numbers around it
Navi has 4 funding rounds in StopDown's archive.
| When | Round | Amount | Led by |
|---|---|---|---|
| 7 October 2026 | Late stage | $40M | Elevation |
| 17 August 2026 | growth | $100 million | Prosus |
| 9 June 2026 | private round | $250-300 million | Prosus |
Financial Services in October 2026: 16 rounds with a disclosed amount, $548 million in all; the biggest was Vegafin Capital (₹1,000 Cr). Every sector this year →
Terms in this story
- Co-founder equity: Split equity by what each founder will contribute from now on, not by who had the idea, and attach vesting so that a founder who leaves early does not keep a large share for doing little. In India, founders usually do this through reverse vesting in the shareholders' agreement.
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Everything on Navi → · All startup news on 30 October 2026 →
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