Results · Financial Services

Fintech startup Navi reports wider net loss for fiscal year

By Startup Enthusiast · 24 September 2026

What they do

Navi offers digital lending, UPI payments, mutual funds, and insurance products through a mobile application

The company reported a net loss of ₹465.99 Cr for the fiscal year, compared to a loss in the prior year

The widening loss occurred despite an increase in operating revenue and growing loan disbursements across its platform

Fintech startup Navi reported a net loss of ₹465.99 Cr for the fiscal year, widening significantly from ₹126.4 Cr in the prior fiscal year.
The company recorded operating revenue of ₹2,981.7 Cr, representing a 16.2% increase compared to ₹2,565 Cr in the previous year.
Total expenses for the fiscal year crossed the ₹3,500 Cr mark, surging to ₹3,514.4 Cr from ₹2,729.1 Cr.
The lending book grew 57.2% year-over-year to ₹13,138 Cr, while loan disbursements increased 73% to ₹23,332 Cr.
Managed assets totaled ₹19,740 Cr, while active monthly users surged past 2.9 Cr.

Rating agency CareEdge Ratings upgraded Navi's credit rating to CARE A+ after the company turned profitable on a profit-before-tax basis in the first quarter.
The company is reportedly preparing regulatory filings to launch a public share sale aiming to secure ₹3,000 Cr via fresh equities.

Navi operates a digital platform providing simple and accessible financial products including personal loans, home loans, and property loans.
The company offers mutual fund investments starting from ₹100, featuring index funds tracking major market benchmarks.
Insurance offerings include comprehensive health insurance coverages with digital claim settlement processes.
The platform operates Navi UPI for digital money transfers and bill payments.
Revenues are generated through interest income on loans, processing fees, and financial product distribution.

The company is gearing up to file initial public offering papers to raise ₹3,000 Cr.

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.