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Indian FinTech Giant Navi Raises $100M from Prosus at $1.3B Valuation in First External Round Since Launch, Prepares for Potential $314M IPO

Indian FinTech company Navi has raised $100 million from Prosus at a $1.3 billion valuation in its first external institutional funding round, as the company expands its payments, lending and financial services businesses while preparing for a potential IPO.

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Indian financial technology company Navi has raised $100 million from global technology investor Prosus, valuing the company at approximately $1.3 billion as it prepares for its next phase of growth and a potential public listing.

The investment represents Navi’s first external institutional funding round since the company was founded nearly eight years ago.

Founded in 2018 by Sachin Bansal, the former Co-Founder and CEO of Flipkart, Navi has developed a broad digital financial services ecosystem spanning payments, lending, insurance and mutual funds in the Indian market.

Bansal launched Navi following his departure from Flipkart after Walmart acquired a controlling stake in the Indian e-commerce company in a $16 billion deal.

The latest transaction brings Prosus onto Navi’s shareholder base and comes as the FinTech company reportedly prepares another attempt to enter the public markets.

Navi Eyes IPO After Previous $440M Listing Plan

Navi is reportedly considering an initial public offering that could raise approximately $314 million, or INR 30 billion.

It would mark the company’s second attempt to pursue a public listing.

Navi filed for an IPO worth approximately $440 million in 2022, but abandoned the plan the following year as conditions in public markets deteriorated.

The $1.3 billion valuation attached to the latest Prosus investment is also below the approximately $2 billion valuation Navi had reportedly sought while exploring institutional investment in 2024.

The new capital therefore arrives at an important stage for the company as it combines renewed IPO ambitions with continued expansion across multiple financial services businesses.

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From Lending to Nearly One Billion Monthly UPI Transactions

Lending represents a major part of Navi’s operations through Navi Finserv, which currently manages more than $1.4 billion in assets.

The company has also emerged as a significant player in India’s massive digital payments market through its UPI-based payments app.

Navi has become the fourth-largest UPI payments app by transaction volume, behind Walmart-owned PhonePe, Google Pay and Paytm.

The app processed more than 947 million transactions in July 2026, representing approximately $5.05 billion in transaction value.

Its growing payments footprint gives Navi access to a large consumer base that the company can potentially serve with additional products across lending, insurance and investments.

The strategy reflects Bansal’s broader ambition to build Navi into an integrated digital financial institution rather than a single-product FinTech platform.

Navi Generated $323M Revenue in FY2026

For the financial year ending March 2026, Navi generated approximately $323.3 million in revenue, while its net loss increased to around $48.7 million.

Despite the full-year loss, the company said its consolidated operations reached profitability during the fourth quarter of FY2026.

Bansal has financed much of Navi’s development himself since its establishment, committing hundreds of millions of dollars of personal capital to the business.

Prosus now becomes a major external institutional backer as Navi seeks to translate its growing position across payments and lending into a broader financial services platform.

Bansal said the Prosus investment provides strong backing for the financial institution Navi is building, while highlighting the investor’s global experience scaling technology companies.

For Navi, the $100 million round opens a new chapter after years of founder-funded growth. The company now enters that phase with a $1.3 billion valuation, nearly a billion monthly UPI transactions and renewed ambitions to access public markets.

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Asia Startups

Indian FinTech Startup 72 Street Raises $450K to Expand Investment Research Across Futures, Commodities, and Mutual Funds

The Mumbai startup will broaden its AI-assisted research into derivatives, model portfolios, commodities and mutual funds.

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Mumbai-based investment research platform 72 Street has raised approximately $423,000 from angel investors and ultra-high-net-worth individuals to expand its product range beyond equity research. The conversion reflects the exchange rate reported on September 3, 2026

The company plans to enter futures and options, model portfolios, commodities and mutual funds while developing Venty, its artificial intelligence-powered market research tool. It is also seeking registration as a SEBI Registered Investment Adviser, which would allow it to offer personalised investment advice directly to individual clients.

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Combining AI With Analyst Oversight

Incorporated in late 2025, 72 Street was founded by CEO Rohit Agarwal and CTO Fal Ghancha. The company operates as a SEBI-registered research analyst under registration number INH000029722.

Its platform combines regulated investment research with AI-supported market analysis, targeting retail investors who may have access to large volumes of financial information but lack the time or technical knowledge to interpret it.

Venty scans more than 3,800 companies listed on the National Stock Exchange and Bombay Stock Exchange. The tool assesses stocks using fundamental, technical and sentiment indicators while identifying chart patterns and candlestick formations.

According to the company, Venty can produce an initial assessment of a stock in less than 20 seconds and translate complex market information into more accessible, jargon-free language. However, 72 Street said its SEBI-registered analysts review every insight generated by the tool before publication.

Ghancha said the company developed the 72 Street app to give retail investors a single, trusted platform for their investment research. He added that Venty can identify patterns across fundamental, technical and sentiment data that would take a human analyst hours to find manually.

Experienced Founders Target Retail Investors

Agarwal brings more than 20 years of investor advisory experience to the company, having previously worked with Bajaj Allianz, HDFC Life and Reliance Capital.

Ghancha previously served as head of technology and chief information security officer at JioBlackRock Asset Management Company. He also held the position of chief information security officer at DSP Mutual Fund.

Agarwal said retail investors now have access to more market information than ever, but interpreting that information remains difficult. He said 72 Street aims to make investment research transparent and understandable, with analysts reviewing findings before they reach users.

The combination of automated analysis and human oversight is central to the startup’s positioning. Rather than presenting Venty as a replacement for registered analysts, 72 Street is using AI to accelerate market screening and simplify the resulting information.

Expanding Into New Investment Categories

The platform currently concentrates on equity research but intends to extend Venty’s capabilities across additional asset classes and investment products.

Its planned move into futures and options, commodities, mutual funds and model portfolios would broaden the platform’s relevance to investors seeking research beyond individual stocks. The funding will support that expansion as the company develops new products and builds on its existing analytical infrastructure.

Securing investment adviser registration would represent another important step. While its current research analyst status allows 72 Street to publish investment research, the additional registration would enable one-to-one advisory services tailored to individual investors.

With its new capital, 72 Street is seeking to build a broader research destination that pairs the speed of AI with the accountability of regulated human review.

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India-Based HealthTech Startup DocPharma Raises $2M to Scale 30-Minute Medicine Delivery Infrastructure

The Equentis-led round will help DocPharma expand its prescription-compliant supply chain for healthcare platforms and providers.

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Indian healthcare infrastructure startup DocPharma has raised $2 million in a pre-Series A funding round led by Equentis, as it looks to make rapid medicine delivery available to healthcare businesses without requiring them to build their own fulfilment networks.

Existing investor 100Unicorns participated in the round alongside Vinners and a consortium of strategic angel investors.

DocPharma does not operate as a consumer-facing e-pharmacy. Instead, it provides the underlying technology, licensed dark stores and prescription-compliant fulfilment processes that allow other businesses to offer healthcare deliveries within 30 minutes.

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Infrastructure for Rapid Healthcare Delivery

DocPharma serves e-pharmacies, health insurers, corporate wellness providers, hospitals, wellness and nutraceutical brands, and pet care companies.

These businesses can connect to its infrastructure and offer faster delivery without investing in their own warehouse network, inventory systems or prescription-verification operations.

The company’s licensed dark stores stock more than 40,000 products each. Its model attempts to solve an inventory challenge that distinguishes medicine delivery from conventional quick commerce, where a comparatively narrow selection of frequently purchased products can be distributed through hyperlocal facilities.

DocPharma co-founder Saquib Ali said quick-commerce platforms have conditioned Indian consumers to expect rapid delivery across most product categories, but medicine remains an exception. He argued that inventory represents the main obstacle because the healthcare category contains around 300,000 products, far beyond the few thousand items typically stocked by an individual pharmacy.

Ali said DocPharma addresses that constraint by combining larger inventories with an AI-driven system overseen by pharmacists and compliance teams. The goal, he added, is to bring quick-commerce speed to medicine delivery without compromising regulatory requirements.

DocPharma One Connects the Supply Chain

At the centre of the company’s operation is DocPharma One, an internally developed software platform that combines warehouse management, inventory tracking, order processing and fulfilment.

The system gives customers real-time visibility into available stock and routes each order to the nearest compliant store. It also incorporates prescription verification into the fulfilment process rather than treating compliance as a separate step.

DocPharma co-founder Sagar Chauhan described the platform as the intelligence layer behind the company’s supply chain. He said the startup built every component internally, including its order and warehouse management systems, AI-based inventory forecasting, prescription validation tools and pharmacist checkpoint workflows.

Keeping the technology stack in-house gives DocPharma greater control over how its software interacts with regulated fulfilment processes. It also allows the company to develop workflows specifically for healthcare rather than adapting systems created for general retail.

Compliance Shapes the Operating Model

Healthcare logistics involves requirements that conventional ecommerce platforms do not typically face. Products may carry different storage protocols, regulatory conditions and implications for patients, making speed only one part of the fulfilment equation.

Co-founder Shashank Rai said DocPharma built its compliance operations from the ground up instead of modifying an existing retail model. The team developed the network rule by rule and expanded it one licensed dark store at a time, he added.

The new funding will support DocPharma as it scales this combined infrastructure of software, inventory, licensed facilities and pharmacist-led controls.

Its opportunity lies in becoming the backend for healthcare companies seeking faster delivery without taking on the cost and regulatory complexity of operating a dedicated supply chain. The company’s challenge will be maintaining compliance and inventory availability as it extends the network and handles larger order volumes.

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India-Based Startup Cradlewise Raises $12M to Expand AI-Powered Child Sleep Products Globally

The Series A will support new sales channels, geographic expansion and a broader product roadmap extending beyond infant cribs.

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Indian consumer health and wellness startup Cradlewise has raised $12 million in Series A funding to expand its AI-powered sleep technology for infants and children.

3one4 Capital and Prudent Investment Management led the round, bringing Cradlewise’s total funding to $26 million. Its other backers include Sean O’Sullivan Ventures, Footwork VC and Charles River Ventures.

The company will use the new capital to enter additional markets, widen its sales channels and invest in product research and development. It is also planning a broader portfolio of sleep products designed to support children beyond the first two years of life.

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A Smart Crib That Responds Before the Baby Wakes

Founded in 2019 by Radhika Patil and Bharath Patil, Cradlewise emerged from the founders’ experience of sleepless nights as new parents.

The startup has developed an AI-enabled crib that combines sensing, learning and soothing within a closed-loop system. It monitors a baby’s movement, sounds and sleep state, then attempts to predict when the child may wake and intervene before that happens.

Rather than simply alerting parents after their baby wakes, the crib responds automatically in an effort to extend the child’s sleep. Cradlewise says the system can save parents up to two hours of effort each day.

The company has collected more than 75 million hours of sleep data, which it uses to improve the product’s detection, prediction and personalisation capabilities. Its hardware and sensing systems are protected by patents, according to the startup.

Radhika Patil, co-founder and CEO of Cradlewise, said the founders wanted to create a product that would do more than notify parents that their child was awake. She said the smart crib was designed to help babies sleep better while giving parents practical support, with the new funding enabling the company to reach more families and develop products for later stages of childhood.

Manufacturing and Technology Built in India

Cradlewise manufactures its cribs at an integrated facility in Pune. The company says the site can produce, test and package thousands of units each month, giving it control over several stages of the manufacturing process.

Co-founder and CTO Bharath Patil said Cradlewise’s technology is built around sensing, learning and creating a practical impact. He described the company’s goal as developing technology that works quietly in the background, solving problems without demanding constant attention from users.

He also emphasised that Cradlewise is building the technology and engineering foundation behind its products in India.

The combination of hardware manufacturing, proprietary sensing technology and sleep data gives the startup a more complex operating model than a software-only consumer health company. Scaling will require Cradlewise to increase production while maintaining the reliability of both its physical products and AI systems.

Moving Beyond the Infant Crib

Cradlewise currently focuses on the period from birth to 24 months, but its product roadmap extends into later childhood.

The company is developing software-led sleep routines, additional child sleep hardware and more affordable entry-level products. It is also working on reusable sensing and electronics modules that could shorten the development cycles for future devices.

This strategy would allow Cradlewise to maintain relationships with families after children outgrow the crib, while applying its existing technology to a wider range of sleep challenges.

With $12 million in new funding, Cradlewise is now preparing to scale distribution while evolving from a smart-crib company into a broader child sleep technology platform.

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