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.

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

The overlooked barriers to India’s next ecommerce boom cycle

India has more online shoppers than almost any country but China. Quick commerce is its big win, but in the other two global waves reshaping ecommerce, it’s falling behind peers like Brazil and Indonesia.

Pranav Balakrishnan

India must build the electro-intelligence stack

Even as India turns its focus to the AI race, there's a growing opportunity to build for the electric stack—augmenting physical technologies like motors, pumps, and heat pumps with intelligence that makes them more efficient and responsive.

K Yatish Rajawat

Org Chart: Inside BigBasket’s C-Suite shuffles and tweaks for a quick commerce era

As BigBasket pivots to quick commerce, it has added leaders, built specialised teams, and freed founders to focus on strategy and fundraising. Yet even as it chases faster delivery and battles lost market share, it holds on to the cultural ethos built a decade ago.

Pranav Balakrishnan

ChatGPT at ₹399, Perplexity for free: Inside Big Tech’s AI subscription war for India

India is fast becoming global AI’s biggest playground. Big Tech is chasing mass adoption over monetisation with loss-leading strategies. But in a value-obsessed market, long-term sustainability lies in pricing sweet spots, bundling, and whether AI can become as essential as UPI or WhatsApp.

Sohini Mitter

From YouTube to Dalal Street: Inside PhysicsWallah’s public market play

Once dismissed as a scrappy YouTube channel, PhysicsWallah is heading for an IPO after becoming an unlikely survivor in India’s battered edtech sector. Its offline push, bold deals, and looming risks set the stage for Co-founder Alakh Pandey’s toughest exam yet: winning over public investors.

Nikhil Patwardhan

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