Navi’s FY26 Losses Surge to Rs 466 Crore Amid UPI Push
· Business · Economic Times, Moneycontrol
Navi’s net loss for FY26 widened to Rs 466 crore, a fourfold jump from Rs 126 crore a year earlier, as the company ramped up spending on the unified payments interface (UPI) and new business ventures beyond lending. Operating revenue grew 16% to Rs 2,982 crore and total income rose 15% to Rs 3,091 crore, with the March quarter reaching a breakeven on costs. CFO Ankit Agarwal said the firm expects to return to profitability in FY27, citing unsecured loans as the main profit driver and UPI as a key customer‑acquisition tool. Prosus and Accel Growth Fund were reported to be negotiating a $250‑300 million investment, while Prosus valued Navi at Rs 13,000 crore and Navi plans a Rs 3,000 crore initial public offering by March next year. Agarwal declined to comment on the funding or IPO talks.
Why it matters
The widened loss and subsequent investment talks signal how much Indian fintechs are betting on UPI growth and affect investor expectations, while the planned IPO could open a new market opportunity for equity holders and influence the broader fintech ecosystem.
Read the original report — Economic Times
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