Navi, led by Sachin Bansal, secures ₹1,000 crore from Prosus before $300 million IPO
Sachin Bansal’s Navi Group has brought in $100 million (approximately ₹1,000 crore) from Prosus. This marks the firm's initial round of external institutional investment as it prepares for an upcoming $300 million (roughly ₹3,000 crore) initial public offering. While Prosus has taken a minority interest in Navi, the specific valuation remains undisclosed. Previous reports from Bloomberg indicated that Navi is aiming for a valuation reaching $2 billion for its stock market debut.