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Navi raises $100 million from Prosus in first institutional funding round

Sachin Bansal-led Navi raised $100 million from Prosus in its maiden institutional round, pending CCI approval. The Bengaluru fintech, a leading UPI app and consumer lender, is also preparing for a potential Indian IPO targeting about $300 million.

Reported figures

From the report. Source details below

  • 947 million UPI transactions in July
  • ₹48,318 crore UPI transaction value in July
  • ₹13,000 crore+ lending AUM
  • 90% of credit portfolio comprises personal loans
  • 3.8 million lending customers

The source

Source Read the source at Business Standard

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