- Yubi's Founder and CEO invested Rs 250 crore in the company, making it one of the largest capital infusions by a founder in recent times.
- Yubi has facilitated over Rs 1,40,000 crore in debt volumes, serving over 17,000 enterprises and 6,200 investors and lenders.
Gaurav Kumar, the Founder and CEO of fintech unicorn Yubi (formerly CredAvenue), has made a significant equity capital infusion of Rs 250 crore into his company. This board-approved investment is one of the largest by a founder in the technology sector in recent years.
Yubi, an end-to-end debt lifecycle management company, has rapidly established itself as a leader in the fintech space, offering comprehensive products that serve over 17,000 enterprises and 6,200 investors and lenders. The company's technology infrastructure, risk evaluation, and collections platforms have facilitated over Rs 1,40,000 crore in debt volumes, claiming a 57% reduction in collections costs.
Founded in 2020 by Kumar, Yubi has grown into a formidable entity within the fintech landscape, comprising several businesses, including Aspero, Spocto, Corpository, and Finfort. The company gained unicorn status in March 2022, following a $137 million Series B funding round led by Insight Partners, B Capital Group, and Dragoneer. The company’s valuation reached $1.5 billion last year after a secondary sale.
The capital infusion comes at a time when founder investments in their own startups are becoming increasingly common. In 2024 alone, prominent founders like Oyo's Ritesh Agarwal and Ather Energy’s Tarun Mehta and Swapnil Jain have made significant investments in their companies.
This strategic move underscores Gaurav Kumar's continued confidence in Yubi's potential and its mission to revolutionize the debt lifecycle management space in India.
Edited by Harshajit Sarmah
