Chennai-based Yubi Group, a debt marketplace, has raised a total of Rs 411 crore in a fresh funding, including Rs 75 crore in equity from founder and CEO Gaurav Kumar.
The round also includes a mix of debt and equity of up to Rs 336 crore from EvolutionX Debt Capital, a growth-stage debt financing platform.
With this new equity infusion by the founder, Kumar’s equity investment in the company has crossed Rs 330 crore. In August 2024, Kumar had infused Rs 250 crore in Yubi.
The funding is expected to be deployed for accelerating Yubi’s geographic expansion into the south east Asia and the US markets. It will also look to strengthen Yubi’s presence in the Middle East.
According to the media statement, the company will also use the funds to develop proprietary AI products that will help the company deliver end-to-end debt lifecycle.
“We are building the foundational OS for global financial services. This investment is a powerful endorsement of our vision and our execution capabilities,” said Kumar.
He added that the funds will help the company replicate its success in India in other international markets.
“This will supercharge our AI stack, and strategically expand our ecosystem. Partnering with a prestigious institution like EvolutionX provides us with the flexible, long-term capital to pursue our ambitious goals,” Kumar said.
Founded in 2020 by Kumar, Yubi Group has four specialised companies - Yubi, Accumn, Spocto X, and YuCollect - that together deliver solutions in lending, underwriting, and collections.
The company’s existing investors include Peak XV, Insight Partners, Lightspeed, B Capital Group, Dragoneer, and TVS Capital
“The company has demonstrated remarkable scale, robust technology, and a clear path to profitability. We believe that our capital will be instrumental in scaling their unique model globally,” said Rahul Shah, partner at EvolutionX Debt Capital.
Yubi has facilitated over Rs 3.2 lakh crores in debt, processed over 48 lakh transactions. The platform has over 17,000 enterprise borrowers and 6,200 lenders.
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