Navi in talks to raise $40M from Elevation ahead of IPO

Navi, the fintech led by Flipkart co-founder Sachin Bansal, is in advanced talks to raise about $40 million from Elevation, two months after securing $100 million from Prosus. The new round, likely via Elevation Holdings, values Navi at $1.4-1.5 billion. The pre-IPO funding comes as Navi prepares a $300 million listing expected to value it at $2 billion.