The Fintech Wave Crashes on Navi's Shores Sachin Bansal's eight year old startup, Navi, has secured a $100 million investment from Prosus, marking its first foray into institutional funding.
This significant development raises questions about the viability of fintech upstarts and their valuations. The deal values Navi at around $1.
3 billion, significantly lower than the estimated $2 billion valuation Bansal had set as a benchmark for external investors last year.