Business · Companies · 1 hr ago
India’s CCI approves Prosus investment of $100m in Navi
India’s CCI approved Prosus’s $100m investment in Navi.
Navi is a financial services company founded by Sachin Bansal.
Bansal founded Navi in 2018, after leaving Flipkart following its sale to Walmart.
The approval is a step towards Prosus investing in the company.
The investment is worth $100m, according to the announced deal.
The sources do not say when the investment will be completed or what Prosus will do next.
India’s Competition Commission of India approved Prosus’s investment in Navi.
The investment is worth $100 million.
Navi was founded in 2018.
Sachin Bansal founded Navi after leaving Flipkart following its sale to Walmart.
- Who
- Prosus and Navi.
- What
- India’s Competition Commission of India approved Prosus’s $100 million investment in Navi.
- When
- Not stated
- Where
- India.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Investment
- $100 million
- Regulator
- Competition Commission of India (CCI)
- Company
- Navi
- Founded
- 2018
- Founder
- Sachin Bansal