Indian fintech Navi has raised $100 million from Prosus, marking the first institutional funding for the eight-year-old startup founded by Flipkart co-founder Sachin Bansal (pictured above).
The investment values Navi at about $1.3 billion, according to people familiar with the matter. It comes after the Bengaluru-based startup sought to raise external capital from institutional investors at a valuation of about $2 billion in 2024.
Originally reported by TechCrunch. Read the full story at the original source.
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