Navi in Talks to Raise $40 Mn From Elevation at $1.5 Bn Valuation

Navi, the fintech startup led by Flipkart co-founder Sachin Bansal, is in advanced talks to raise about $40 million from Elevation at a valuation of $1.4-1.5 billion. The move comes two months after a $100 million round from Prosus and ahead of a potential $300 million IPO.

• Navi is negotiating a $40 million round from Elevation at a $1.4-1.5 billion valuation
• The startup raised $100 million from Prosus two months ago
• Navi is targeting a $300 million IPO at a roughly $2 billion valuation
• Navi UPI was India's fourth-largest UPI app in FY26