Gaurav Kumar, the founder and CEO of fintech unicorn Yubi (formerly CredAvenue), has made a notable equity investment of Rs 250 crore into his company. Kumar, a veteran entrepreneur with extensive experience in the Indian debt and fintech markets, has significantly bolstered Yubi’s capital.
Gaurav Kumar Leadership
Gaurav Kumar, who co-founded Vivriti Capital in 2017 and Vivriti Asset Management in 2019 before establishing Yubi Group in 2020, has been instrumental in Yubi’s evolution. His recent investment of Rs 250 crore underscores his commitment to the company’s growth and future prospects.
Under Kumar’s leadership, Yubi Group, which initially launched as CredAvenue, has expanded its operations and rebranded to include various entities like Yubi, Aspero, Spocto, Corpository, and Finfort. These additions have allowed Yubi to offer comprehensive debt lifecycle management products, connecting businesses with financial institutions and investors.
Growth and Achievements of Yubi
Since its inception, Yubi has made significant strides in the fintech space. The platform facilitates business loans and offers solutions for vendor and dealer financing, along with a marketplace for primary and secondary bonds. To date, Yubi has managed over Rs 1,40,000 crore in debt volumes, serving more than 17,000 enterprises and 6,200 investors and lenders.
In March 2022, Yubi achieved unicorn status, becoming India’s fastest fintech company to do so. This milestone came after a successful $137 million Series B funding round led by Insight Partners, Dragoneer Investment Group, and B Capital Group, elevating Yubi’s valuation to $1.3 billion. The company had previously secured significant investment during its Series A round in September 2021, with participation from Peak XV, Lightspeed Ventures, TVS Capital, and Lightrock. Following a secondary sale, Yubi’s valuation rose further to $1.5 billion.
Gaurav Kumar’s substantial investment in Yubi reflects his confidence in the company’s continued growth and leadership in the fintech sector. Yubi’s rapid expansion and unicorn status highlight its significant impact on debt lifecycle management and its role in transforming financial services in India.
