Navi Technologies, the fintech startup co-founded by Sachin Bansal, is reportedly in talks to secure $250-300 million in funding, which would value the company between $1.8 billion and $2 billion. The potential investors include Prosus and Accel Growth Fund. This funding round is aimed at expanding Navi’s lending business into Southeast Asia, capitalising on its strong performance in the Indian market.The move comes after a period of regulatory scrutiny that has prompted the company to shift its focus from initial public offering (IPO) plans to seeking private capital. Navi’s growth strategy appears to be aligned with the increasing demand for fintech solutions in the region, particularly in lending services.While the discussions are ongoing, the source did not specify a timeline for the funding or any further details regarding the terms of the deal. The outcome of this funding round could significantly impact Navi’s operational capabilities and market reach in Southeast Asia.
