Gaurav Kumar, the founder and CEO of fintech startup Yubi (formerly CredAvenue), has made a major capital infusion of Rs 250 crore into his company.
Gaurav Kumar, a seasoned entrepreneur with 18 years of experience in Indian debt and fintech markets, co-founded Vivriti Capital in 2017 and Vivriti Asset Management in 2019 before establishing Yubi Group in 2020.
Growth of Yubi Group under the leadership of Gaurav Kumar
Yubi Group, which started as CredAvenue, has seen rapid growth under the leadership of Gaurav Kumar.
The company has expanded its operations to include several entities such as Yubi, Aspero, Spocto, Corpository and Finfort, offering comprehensive debt lifecycle management products.
The platform connects businesses seeking loans with financial institutions and investors, offering solutions such as supplier and distributor financing, as well as a marketplace for primary and secondary bonds. Yubi has facilitated over Rs 140 billion in debt volumes, serving over 17,000 businesses and 6,200 investors and lenders.
Reaching unicorn status
In March 2022, Yubi became the fastest Indian fintech company to reach unicorn status following a $137 million Series B fundraising round.
The round was led by Insight Partners, Dragoneer Investment Group and B Capital Group, raising the company’s post-money valuation to $1.3 billion.
This was preceded by a Series A round in September 2021, which saw participation from investors including Peak XV, Lightspeed Ventures, TVS Capital and Lightrock. Following a secondary sale last year, the company’s valuation has increased further. increased to 1.5 billion dollars.
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