Fintech

Unicorn Yubi expands its team amid tech layoffs

Pratik Bhakta

November 30, 2022 | 4 Min Read

The young debt marketplace is in the middle of an early golden run, with its valuation, business and workforce growing. Though the broader startup scene is gloomy, Yubi cannot afford to slow down

Debt marketplace Yubi came into being in very different circumstances than most startups. It was incubated within a larger company (Vivriti Capital) and spun off with a meaty Series A funding round, attaining unicorn status within two years of finding its feet.

The Series A of $90 million took place in September 2021, followed by an even higher Series B of $137 million this March. Yubi, which was called CredAvenue in its previous avatar, is worth $1.3 billion today.

The fintech, founded by Gaurav Kumar, reported gross revenues of Rs 153 crore in FY22, surging 500% from Rs 25 crore a year ago. At the same time, its losses also ballooned from Rs 6.6 crore to Rs 55 crore.

Corporate

Access unlimited content at a special discounted rate. Trusted by top VC’s and leading organizations, we provide bulk subscriptions for groups of 30+. Contact us for more details

Campus

Top educational institutions have collaborated with us for campus-wide subscriptions. For bulk campus-wide access, please get in touch.

Got a tip? If you have a lead we should be chasing at The CapTable, write to us at tips@the-captable.com

Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds

Trusted by the best

Karthik Reddy

Blume Ventures

The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.

Latest Articles

Why Big Tech’s $70 billion AI push in India runs through conglomerates

From generating power to navigating a complex regulatory landscape, India’s conglomerates offer what Big Tech hyperscalers need for next-generation AI infrastructure. The incumbents in this space are losing out.

Pratap Vikram Singh

Old films, new math: The re-release wave reshaping India’s multiplex economics

Movie re-releases have gone from niche nostalgia events to a strategic revenue lever for PVR INOX, delivering strong footfalls, higher margins, and predictable returns. As fresh content remains uneven, reruns are helping multiplexes smooth volatility and optimise screen use during lean periods.

Sohini Mitter

Inside streaming’s ad pivot: from viewers paying a fee to paying the price

Streaming promised freedom from cable. Instead, viewers are having to contend with ads, upsells, and data tracking, as the industry races to rebuild the exact model viewers paid to escape.

Anuj Suvarna

From Seed to Series A, founders are front-loading capital like never before

Early-stage founders are raising far larger seed and Series A rounds, accepting higher dilution to secure runway, talent, and execution speed, as India’s late-stage funding pipeline remains frozen for a third year.

Nikhil Patwardhan

The Byju’s money trail: How missing millions may have reached India from Singapore

Investigation of corporate filings reveals Byju Raveendran-controlled Singapore entities with no revenue or operations invested Rs 3,100 crore in Think & Learn, around the time disputed funds from the $533 million term loan allegedly reached the same offshore companies.

Pradip K Saha

Convinced that The Captable stories and insights
will give you the edge?

Convinced that The Captable stories
and insights will give you the edge?

Subscribe Now

Stories

Explore