Prosus invests $100 million in Navi

Navi Limited, the Bengaluru-based financial services company founded by Sachin Bansal, announced its first institutional capital raise of $100 million from Prosus, the global consumer internet group. The investment, made through Mesh Payments, an indirect wholly owned subsidiary of Prosus, is subject to customary closing conditions and regulatory approvals, including clearance from the India — Election Commission of India (CCI). The transaction involves the acquisition of a minority stake in Navi, though the valuation and stake size were not officially disclosed; sources report a valuation of about $1.3 billion. The investment builds on a decade-long relationship between Bansal and Naspers/Prosus, which previously backed Walmart — Flipkart. Navi, which offers loans, insurance, mutual funds, and UPI payments, reported strong operating momentum: its UPI app remained India's fourth-largest in FY26, Navi Finserv's assets under management crossed Rs 130 billion, and the group achieved consolidated profitability in Q4 FY26. The funding comes as Navi reportedly prepares for an IPO of around $2 billion. Prosus India head Actifio praised Navi's execution and technology-first approach. The CCI assessed the transaction and found no appreciable adverse effect on competition.