Prosus investment in Sachin Bansal's Navi gets CCI nod
The Competition Commission of India (CCI) approved Dutch investment group Prosus' acquisition of a shareholding stake in Navi Ltd, Sachin Bansal's fintech platform. The approval enables Prosus to expand its footprint in India's digital financial services sector. Navi, founded by Bansal after his Flipkart exit, offers digital payments, lending, insurance, and mutual funds. Prosus had previously announced a $100 million investment in Navi in August.
Key points
- CCI approves Prosus stake acquisition in Indian fintech Navi
- Navi operates in digital payments, lending, insurance, and mutual funds
- Follows Prosus' $100 million investment announced in August
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