Corporate disclosures indicate that the Indian Finance Technology Corporation, Navi, has received $100 million in investments in Prosus. It was also the first time that the company had introduced external capital. Nami was founded by Sachin Bansal, who created Flipkart with Binny Bansal.
Financing context
Navi used to rely mainly on the founding fathers ' own funds to carry the business forward. It was reported that Bansal had founded Navi after leaving Flipkart and invested hundreds of millions of dollars in the company.
Corporate orientation
Navi has always wanted to make himself a bank. The introduction of Prosus funds this time meant that the company ' s expansion path began to shift from individual funding by its founders to external capital support.
Founder Background
Bansal helped Flipkart grow from an online book sales site to the Indian head electrician company. In 2018, he sold his own shares before Wal-Mart completed the acquisition of most of Flipkart ' s shares.