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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The investment marks the Sachin Bansal-led fintech's first outside institutional capital raise and comes days after Navi kicked off the process for an IPO worth up to $315 million.
Navi Ltd has raised $100 million from Dutch technology investor Prosus, marking the Sachin Bansal-led fintech's first institutional capital raise since its founding in 2018. The deal is subject to customary closing conditions and regulatory approvals, including clearance from the Competition Commission of India.
The company said in a statement that the investment reflects Prosus’s long-standing thesis of backing large technology platforms in India, and builds on a personal relationship between Bansal and the Naspers-Prosus group that predates the deal by more than a decade.
The funding lands at a pivotal moment for Navi (read our story on Navi from …
