Navi, Sachin Bansal’s Indian fintech, has raised $100mn from Prosus in its first institutional round. Reports value it at about $1.3bn ahead of an IPO.

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.