August 26, 2024: Gaurav Kumar, Founder and CEO of Yubi, has committed Rs 250 crore in equity capital to the company. Approved by the board in August 2024, this major infusion represents one of the largest founder-led investments in a technology company in recent years, reinforcing Yubi’s position as a front runner in the Indian debt lifecycle management space.
This investment marks one of the largest founder-led capital infusions in a technology company in recent years, underscoring Kumar’s deep commitment to the the end-to-end debt lifecycle company’s mission of reshaping India’s financial landscape.
Gaurav Kumar, a seasoned entrepreneur with over 18 years of experience in the Indian debt and fintech sectors, has a proven track record of success. He co-founded Vivriti Capital in 2017, which has grown into a leading Non-Banking Financial Company (NBFC) in India. Two years later, in 2019, he co-founded Vivriti Asset Management before establishing Yubi Group in 2020.
Under Kumar’s leadership, the Yubi Group has expanded to include key entities such as Aspero, Spocto, Corpository, and Finfort, making it a formidable force in the fintech space.
Yubi’s rapid ascent began in 2020, and within just two years, the company achieved unicorn status, following a Series B fundraising round in March 2022. This round raised $137 million, led by global private equity and venture capital firm Insight Partners, alongside B Capital Group and Dragoneer.
Yubi’s Valuation Jumps to $1.3 Billion
The funding propelled the the end-to-end debt lifecycle company’s post-money valuation to $1.3 billion, solidifying its position as a fintech leader. This success was built on the momentum from a historic Series A round in September 2021, which was the largest in India’s fintech sector at the time, attracting investments from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock.
The end-to-end debt lifecycle company has facilitated over Rs 1,40,000 crore in debt volumes, serving more than 17,000 enterprises and 6,200 investors and lenders. The company’s comprehensive technology infrastructure, which includes risk evaluation and collections platforms, supports every stage of the credit lifecycle.
Yubi’s ongoing commitment to innovation, inclusivity, and transparency continues to drive its success and influence in transforming India’s financial landscape.
With a mission to deepen the debt market and democratize capital flow, the the end-to-end debt lifecycle company is transforming the financial landscape, fostering inclusivity, and building a transparent and responsible ecosystem for all.
