Indian Competition Regulator Approves Prosus's $100 Million Bet on Navi

what happened

India's Competition Commission (CCI) has approved a deal under which investment firm Prosus will take a minority stake in fintech company Navi, founded by Sachin Bansal. According to Moody's, citing a media report, the regulator described Navi as a holding company whose units offer financial services through a single consumer mobile app. Navi has not disclosed the valuation, the size of the stake or how the money will be used.

The $100 million investment was Navi's first institutional fundraise. Bansal said the partnership carries weight given his long association with Naspers and Prosus. Ashutosh Sharma, head of Prosus's India investments and M&A, pointed to strong execution over the past 12 months. In FY26, lending arm Navi Finserv grew its assets under management past Rs 13,000 crore. Its standalone net profit rose 32% to Rs 292.2 crore, while consolidated net profit fell 46% to Rs 93.3 crore.

Media reports say Navi is considering refiling its draft papers with SEBI by December 2026, with a fresh issue of around Rs 3,000 crore. The company filed for a Rs 3,350 crore IPO in 2022 but shelved it amid weak market conditions.

why it matters

For broader markets the deal is small, but it signals investor appetite for Indian fintech ahead of a possible listing. Prosus has not disclosed its entry price, so no valuation benchmark can be drawn from it yet.

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