Navi raises about Rs 940 crore led by Prosus at Rs 13,192 crore valuation
Fintech company Navi has raised about Rs 940 crore in a round led by Prosus, at a valuation of Rs 13,192 crore.
Regulatory filings show Navi issued 23,94,29,444 compulsorily convertible preference shares at an issue price of Rs 39.26 per share. Prosus Ventures, through its subsidiary MIH Payments Holdings B.V., was the sole investor in the round.
The filings state that the company plans to use the capital for business expansion, investments in subsidiaries and general corporate purposes, in line with the business plan agreed with the investor.
Founder Sachin Bansal remains the largest shareholder with an 84.34% stake. Prosus Ventures now holds 8.59%, making it Navi's largest external investor.
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Navi, founded by Flipkart co-founder Sachin Bansal, operates across lending, insurance, mutual funds and UPI payments. In March 2026, it expanded its insurance portfolio with the launch of motor insurance.
In February 2025, Navi appointed Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv. Bansal moved to the role of executive chairman of the Navi Group.
According to Entrackr's estimates, Navi's valuation has more than tripled to Rs 13,192 crore from Rs 4,260 crore in its previous funding round in April 2020.
Separately, according to media reports, Navi is in talks to raise $40 million from Elevation Capital.
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