Author: Yubi formerly CredAvenue

Founded in 2020 by Gaurav Kumar, Yubi rapidly scaled as a debt marketplace connecting enterprises with lenders. It hit unicorn status in 2022 with a $1.37B valuation. The current $48.7M raise is structurally significant. It is not a new external mark of validation but a defensive fortification. Founder Gaurav Kumar invested ₹75 Cr of his own money, alongside debt from EvolutionX. This follows his ₹250 Cr injection in August 2024. The implication: When a founder puts ~$40M of personal capital into a Series B/C stage company, it signals high internal conviction but likely a disagreement with external markets on valuation. Performance: FY25 revenue grew 36% to ₹660 Cr, but net losses widened to ₹416 Cr. The company is growing, but not efficiently enough for a premium equity round in this market.