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Sachin Bansal’s Navi in Advanced Talks to Secure $40 Million from Elevation
M
Moneycontrol•09-10-2026, 14:44
Sachin Bansal’s Navi in Advanced Talks to Secure $40 Million from Elevation
- •Fintech startup Navi is in advanced talks to raise around $40 million from Elevation at a valuation of $1.4-1.5 billion.
- •The proposed funding comes just two months after Navi secured a $100 million round from Prosus in its first institutional fundraise.
- •Navi is actively preparing for an initial public offering to raise around $300 million and has appointed multiple investment bankers.
- •India's fintech sector is seeing a surge in funding activity as investors back companies showing strong traction and clear paths to scale.
Key Questions Answered
Fintech startup Navi is in advanced talks to raise around $40 million from Elevation.
Navi is preparing for an initial public offering to raise around $300 million, with a targeted listing valuation of approximately $2 billion.
Navi has appointed JM Financial, Axis Bank, Goldman Sachs, and JPMorgan as investment bankers for its IPO.
