Prosus invests $100M in Navi's first institutional round

Prosus invested $100 million in Sachin Bansal-led fintech startup Navi, marking its first institutional capital raise. The deal awaits regulatory approvals including CCI clearance. Navi is reportedly reviving plans for a ₹3,000 crore IPO, with advisers JM Financial, Kotak Mahindra Capital, Goldman Sachs, and JPMorgan appointed.