Navi raises $100M from Prosus at $1.3B valuation, below 2024 target

Navi, Sachin Bansal's fintech and India's fourth-largest UPI app by volume, raised $100 million from Prosus at roughly $1.3 billion — 35% below the $1.8–2 billion it targeted in 2024. The company posted a $48.7M FY2026 net loss despite claiming Q4 profitability. The discount suggests UPI transaction volume alone won't sustain fintech valuations at hoped-for levels.