Navi raises Rs 940 crore from Prosus at Rs 13,192 crore valuation. Founder Sachin Bansal retains 84.34% stake in the fintech company.
Amount Raised
₹9.4 Billion
Round Type
Venture
Investors
Description
Fintech company Navi has announced a Rs 940 crore funding round led by Prosus Ventures through its subsidiary MIH Payments Holdings B.V. at a post-money valuation of Rs 13,192 crore. The company issued 23,94,29,444 compulsorily convertible preference shares at Rs 39.26 per share. Founder Sachin Bansal continues as the largest shareholder with 84.34% stake, while Prosus Ventures has become the largest external investor with 8.59% equity
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Navi raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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