Prosus Invests $100M in Navi's First Institutional Round

Prosus is investing $100 million in Sachin Bansal-led fintech Navi, marking its first institutional capital raise. The deal awaits regulatory approvals including CCI clearance. Navi reportedly plans to refile IPO papers seeking around ₹3,000 crore, with JM Financial, Kotak Mahindra Capital, Goldman Sachs, and JPMorgan as advisers.