20 August,2026 03:39 PM IST | Mumbai | mid-day online correspondent
Representational Image. File pic.
Sachin Bansal's financial services firm Navi on Wednesday said it has raised USD 100 million from Dutch firm Prosus, marking its first institutional capital raise.
The proposed investment is subject to customary closing conditions and applicable regulatory approvals, including approval from the Competition Commission of India (CCI), the company said in a statement.
"Prosus is one of the world's most respected investors, with an exceptional track record of backing category-defining technology companies over the long term. My association with Naspers and the Prosus Group dates back more than a decade, making this partnership particularly meaningful," Sachin Bansal, Founder and Executive Chairman, Navi Group said.
Their investment is a strong endorsement of the institution we're building at Navi. Beyond the capital, we value Prosus's global perspective, long-term orientation and experience in scaling technology businesses, and look forward to partnering with them as we continue our growth journey," he added.
Navi is a digital-first financial services company offers financial services, directly and through partners, including loans, insurance, mutual funds, and UPI payments.
The company enters next phase of growth with strong operating momentum across its businesses, the statement said.
During FY26, Navi UPI strengthened its position as one of India's fastest-growing payments platforms and the country's fourth-largest Unified Payments Interface (UPI) app.
Its assets under management crossed Rs 130 billion, and with improving economics and increasing operating leverage, the group achieved consolidated profitability in Q4FY26.
Sharing his views on the investment, Ashutosh Sharma, Head of Prosus India Investments and M&A, said, "We are excited about our partnership with Navi, a business that is demonstrating all the qualities we look for while investing - a large base of loyal users, a platform play with multiple lines of businesses, a technology-first approach to problem solving and a relentless focus on delivering superior consumer experience.
"We believe the team has executed extremely well in the last 12 months despite a tough macro environment which makes the company well-positioned to capture significant opportunities in the sector in times to come. 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. We look forward to supporting Sachin and Navi's long-term growth following completion of the transaction, subject to the required regulatory approvals," he added.
