Yubi, previously known as CredAvenue, has announced a fresh capital infusion of Rs 250 crore from its Founder and CEO, Gaurav Kumar. Under Kumar’s leadership, the Yubi Group has expanded significantly, now encompassing companies such as Yubi, Aspero, Spocto, Corpository and Finfort.
Yubi operates as a comprehensive debt platform that connects enterprises with lenders and investors. The company is backed by notable investors, including Peak XV, Lightspeed Ventures and TVS Capital. In March 2022, Yubi achieved unicorn status after raising $137 million in a Series B funding round, which was led by the US-based Insight Partners, with participation from B Capital Group, Dragoneer and existing investors. This funding round increased the company’s post-money valuation to $1.3 billion.
Since its inception, Yubi claims to have facilitated over Rs 140,000 crore in debt, serving over 17,000 enterprises and 6,200 investors and lenders. With a mission to deepen the debt market and democratise capital flow, Yubi is committed to transform the financial landscape, promoting inclusivity, and building a transparent and responsible ecosystem for all.
