Sachin Bansal continues to control 84.34% of Navi Technologies after the fintech company raised ₹940 crore from Dutch technology investor Prosus at a valuation of ₹13,192 crore. The investment makes Prosus Navi’s largest external shareholder, with an 8.59% stake, while Bansal retains overwhelming majority ownership.
The funding marks Navi’s first major institutional capital raise and represents a significant increase in its valuation from ₹4,260 crore in April 2020. The company plans to use the proceeds for business expansion, investments in subsidiaries and general corporate purposes.
Key Takeaways
- Navi Technologies raised ₹940 crore from Prosus Ventures.
- The funding values Navi at approximately ₹13,192 crore.
- Sachin Bansal retains an 84.34% stake after the investment.
- Prosus holds an 8.59% stake, becoming Navi’s largest external investor.
- Navi issued approximately 23.94 crore compulsorily convertible preference shares at ₹39.26 each.
- The company’s valuation has more than tripled from ₹4,260 crore in April 2020.
- The funds will support business expansion, subsidiary investments and general corporate purposes.
- Navi operates across lending, insurance, mutual funds and UPI payments.
Navi Raises ₹940 Crore From Prosus: What Happened?
Navi Technologies has completed a ₹940 crore funding round led by Prosus Ventures, the investment arm of Dutch technology company Prosus.
According to regulatory filings reported by Entrackr, Navi issued 23,94,29,444 compulsorily convertible preference shares (CCPS) at an issue price of ₹39.26 per share.
Prosus Ventures invested through its subsidiary, MIH Payments Holdings B.V., and was the sole investor in this funding round.
The transaction represents an important milestone for Navi because it brings a major institutional investor into the company’s shareholder structure.
Funding round details
| Particulars | Details |
|---|---|
| Company | Navi Technologies |
| Investor | Prosus Ventures |
| Investment amount | ₹940 crore |
| Valuation | ₹13,192 crore |
| Shares issued | 23.94 crore CCPS |
| Issue price | ₹39.26 per share |
| Investor’s post-transaction stake | 8.59% |
| Sachin Bansal’s stake | 84.34% |
| Purpose | Expansion, subsidiary investments and general corporate purposes |
The funding was completed through the issuance of preference shares rather than an ordinary equity sale by Sachin Bansal.
Sachin Bansal Retains 84.34% Ownership in Navi
One of the most important aspects of this transaction is that Sachin Bansal has retained a substantial majority stake in Navi despite bringing in an institutional investor.
Following the allotment, Bansal continues to hold 84.34% of the company.
This means that the ₹940 crore investment has not resulted in a change of control.
Navi’s reported shareholding structure
| Shareholder | Stake after funding |
|---|---|
| Sachin Bansal | 84.34% |
| Prosus Ventures | 8.59% |
| Ankit Agarwal | 0.85% |
| Paresh Sukthankar and Sangeeta Sukthankar | 0.21% combined |
| Anand Rao | 0.08% |
| Other shareholders | Remaining stake |
Prosus has become Navi’s largest external investor, but Bansal remains the company’s dominant shareholder.
The distinction is important: institutional investment does not necessarily mean that the founder has surrendered control of the business.
Navi’s Valuation More Than Triples to ₹13,192 Crore
The latest investment values Navi at ₹13,192 crore, compared with its previous reported valuation of ₹4,260 crore in April 2020.
That represents an increase of more than three times over approximately six years.
Navi valuation comparison
| Particulars | April 2020 | October 2026 |
|---|---|---|
| Reported valuation | ₹4,260 crore | ₹13,192 crore |
| Change | — | More than 3x |
| Major investor | Earlier investors | Prosus Ventures |
The valuation increase reflects the company’s development from a relatively young fintech business into a broader financial-services platform.
However, a higher funding valuation does not automatically indicate that the company has become equally more profitable. Revenue growth, asset quality, operating costs and cash generation will remain important measures of its performance.
What Is Navi and What Businesses Does It Operate?
Navi was founded by Sachin Bansal, the co-founder of Flipkart, and operates across several financial-services categories.
The company initially built its business around digital lending and subsequently expanded into additional financial products.
Its major business areas include:
| Business segment | What Navi offers |
|---|---|
| Digital lending | Personal loans and other credit products |
| Insurance | Health and motor insurance |
| Mutual funds | Investment products and digital mutual fund services |
| UPI payments | Digital payments and payment-related services |
Navi’s strategy is to provide multiple financial products through a technology-driven platform.
Its expansion into insurance and investments also gives the company opportunities to diversify beyond lending.
In March 2026, Navi expanded its insurance portfolio with the launch of motor insurance.
Why Is Prosus Investing in Navi?
Prosus is one of the major international investors in technology-driven businesses, with investments across fintech, e-commerce, food delivery and digital services.
Its investment in Navi gives it exposure to India’s financial-services market, where digital lending, payments, insurance and investment platforms continue to develop.
India’s large digital consumer base and increasing adoption of online financial services have attracted institutional investors seeking exposure to the country’s fintech industry.
For Prosus, Navi offers an established business with operations across multiple financial categories and a founder who continues to hold a significant ownership position.
The investment also comes ahead of Navi’s reported preparations for a possible initial public offering (IPO). However, the company has not confirmed a final IPO timetable or valuation.
How Will Navi Use the ₹940 Crore Funding?
According to the company’s regulatory filings, the proceeds will be used for three broad purposes:
- Business expansion: Supporting growth across Navi’s existing financial-services businesses.
- Investments in subsidiaries: Providing capital to strengthen and expand its subsidiary operations.
- General corporate purposes: Supporting the company’s broader operational and financial requirements.
The funding gives Navi additional equity capital to pursue its growth plans.
This is particularly relevant for a fintech company operating in lending and insurance, where capital availability, regulatory requirements and technology investments can influence expansion.
Sachin Bansal’s Leadership Role at Navi
Sachin Bansal co-founded Flipkart before establishing Navi in 2018.
He has played a central role in building the company’s financial-services operations.
In February 2025, Navi announced leadership changes:
- Rajiv Naresh became CEO of Navi Technologies.
- Abhishek Dwivedi became CEO of Navi Finserv.
- Sachin Bansal moved into the position of Executive Chairman of the Navi Group.
The changes separated day-to-day operational leadership from Bansal’s broader role at the group level.
His 84.34% shareholding after the latest funding nevertheless demonstrates his continued financial ownership of the business.
Is Navi Preparing for an IPO?
Navi’s institutional funding has attracted attention because it comes amid reports of the company’s IPO ambitions.
Reuters reported in August 2026 that Navi was preparing for a possible public listing and had secured a proposed $100 million investment from Prosus.
At that stage, Reuters could not independently establish the investment valuation. The latest reported ₹940 crore funding disclosure provides a clearer picture of the transaction and the resulting shareholding structure.
Separately, media reports have indicated that Navi is in discussions to raise another $40 million from Elevation Capital. These discussions should be treated as reported fundraising activity rather than a completed investment.
An IPO could provide Navi with access to public-market capital and greater visibility among investors. However, the company has not confirmed a final listing date.
The Bigger Picture
The Prosus investment highlights the continued interest of international investors in India’s fintech industry. Digital lending, insurance and investment platforms are attracting capital as financial services become increasingly technology-driven.
For Navi, the transaction is significant because it brings institutional capital into the company while allowing Sachin Bansal to retain an overwhelming majority stake. The valuation increase also provides a reference point for the company’s potential public-market ambitions, although its eventual IPO valuation will depend on financial performance, market conditions and regulatory requirements.
Looking Ahead
Navi will now need to convert the fresh capital into sustainable business growth while managing the risks associated with lending, insurance and other financial services. Investors will monitor its loan portfolio quality, profitability, customer growth and performance across its different business segments.
The possibility of an IPO remains another important development to watch. With Prosus holding an 8.59% stake and Bansal retaining 84.34%, Navi has strengthened its institutional investor base without changing its founder-led ownership structure. Whether the company proceeds with a public listing will depend on its readiness and market conditions.
Frequently Asked Questions
1. How much funding has Navi raised from Prosus?
Navi Technologies raised ₹940 crore from Prosus Ventures in its latest funding round.
2. What is Navi’s valuation after the Prosus investment?
The funding values Navi at approximately ₹13,192 crore.
3. How much stake does Sachin Bansal own in Navi?
Sachin Bansal retains an 84.34% stake in Navi after the latest investment.
4. How much stake does Prosus own in Navi?
Prosus Ventures holds an 8.59% stake, making it Navi’s largest external investor.
5. How many shares did Navi issue to Prosus?
Navi issued approximately 23.94 crore compulsorily convertible preference shares at ₹39.26 each, aggregating to around ₹940 crore.
6. What does Navi do?
Navi operates across digital lending, insurance, mutual funds and UPI payments. It was founded by Flipkart co-founder Sachin Bansal.
7. Why did Prosus invest in Navi?
The investment gives Prosus exposure to India’s expanding digital financial-services market, including lending, insurance and investment products.
8. Is Navi planning an IPO?
Navi has been linked to IPO preparations in media reports, but it has not confirmed a final listing date or valuation. The Prosus funding is an institutional investment rather than an IPO.
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