Indian fintech startup Navi, founded by Flipkart co-founder Sachin Bansal, has raised its first institutional funding of $100 million from Prosus after eight years of operation.

Prosus NV invests $100 million in Indian fintech Navi at a $1.3 billion valuation, marking the company's first institutional funding ahead of a

Founded in 2007 by Sridhar Pinnapureddy, Hyderabad-based CtrlS Datacenters operates 19 data centres across nine key markets in India.