Indian startups raised $221 million across 17 rounds during the week ended August 21, led by Sachin Bansal-founded Navi’s $100 million fundraise, per data from Tracxn. The weekly tally was 102.5% higher than the previous week, but 14.1% lower than the same period last year.

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.

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.