Prosus looks to deepen India bets on platforms and marketplaces
Prosus plans more investments in platform businesses in India, including fintech Navi, which recently received $100 million. CCI approved the deal.
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what happened
Amsterdam-based Prosus intends to back companies with platform or marketplace models to expand its footprint in India's financial services and consumer businesses, a senior executive told Mint.
The Competition Commission of India last week approved Prosus's $100 million investment in fintech firm Navi, founded by Sachin Bansal, for an 8.5% stake. The deal values Navi at over Rs.13,000 crore. In FY26, Navi's operating revenue rose 16.2% to Rs.2,981.7 crore, while its consolidated net loss widened to Rs.466 crore.
India head Ashutosh Sharma said Prosus expects long-term growth in India and sees several late-stage holdings, including Rapido, Vastu Finance, PayU and Navi, as potential public listings.
why it matters
The news mainly concerns private investment and India's venture market. Its relevance for broad markets is limited, but it shows large funds still betting on India and on future IPOs of its tech companies.
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- Prosus looks to strengthen India bets on platforms and marketplaces — Moody's, 3 November 2026 at 03:34 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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