Yubi Group Secures Rs 250 Cr From Founder Gaurav Kumar
The company closed the Series B round which saw investments from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock, among others
Yubi (CredAvenue),today received equity capital infusion by its Founder and CEO, Gaurav Kumar. The Board of Yubi has approved this equity round in August 2024, wherein Gaurav Kumar will invest up to Rs 250 crore.
Gaurav Kumar is a seasoned entrepreneur with over 18 years of experience in the Indian debt and financial technology market. A serial entrepreneur, Gaurav co-founded Vivriti Capital in 2017, which has since become one of the premier NBFCs (Non-Banking Financial Companies) in India. In 2019, he co-founded Vivriti Asset Management, followed by Yubi Group's founding in 2020. Under Gaurav’s leadership, the Yubi Group has grown into a formidable entity comprising Yubi, Aspero, Spocto, Corpository and Finfort.
Yubi’s journey began in 2020, and within just two years, it became India’s fastest fintech to achieve unicorn status, following a Series B fundraising round of USD 137 million in March 2022. This round was led by New York-based global private equity and venture capital firm Insight Partners, along with B Capital Group and Dragoneer, with participation from existing investors. The company’s post-money valuation at that time grew to USD 1.3 Billion.
The Series B round was preceded by a historic Series A round in September 2021. This round saw investments from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock, among others.
Yubi has facilitated over Rs 1,40,000 crore in debt volumes, serves more than 17,000 enterprises and 6,200 investors and lenders. Yubi’s technology infrastructure, risk evaluation, and collections platforms support every stage of the credit lifecycle.
