Prosus plans to invest $100 million in Indian fintech company Navi to complete the first round of institutional financing

Comparing news, according to Bloomberg, Prosus NV plans to invest $100 million in Indian fintech company Navi Ltd. This is Navi's first introduction of institutional capital. This round of investment requires regulatory approval, including from the Competition Commission of India, before it can be completed.

Headquartered in Bengaluru, Navi's business covers payments, credit, insurance and mutual funds. Its UPI payment application ranked fourth in India by size in the fiscal year ending March; Navi Finserv's asset management scale has surpassed about 130 billion rupees.