Sachin Bansal’s fintech Navi raises first outside capital with $100M Prosus investment

In the financial year ended March 2026, Navi reported that it generated ₹30.91 billion (about $323.33 million), while its net loss grew to ₹4.66 billion (around $48.74 million).

Navi’s app, which offers digital payments through the Indian government-backed system Unified Payments Interface, is the country’s fourth-largest UPI app, behind Walmart-owned PhonePe, Google Pay, and Paytm. The app processed over 947 million transactions valued at ₹483.18 billion (about $5.05 billion) in July, per the data available on the National Payments Corporation of India (NPCI) website.

Navi Finserv, its lending arm, has more than ₹130 billion (about $1.4 billion) in assets under management. Moreover, the startup says it serves hundreds of millions of users across India and reached consolidated profitability in Q4 of fiscal 2026.

Bansal said the Prosus investment was a “strong endorsement” of the institution Navi is building, adding that the startup valued the investor’s global perspective and experience scaling technology businesses. He did not respond to a request for comment on the valuation.