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Prashant Pitti’s Optimo Capital raises Rs 100 Cr from PNB

EntrackrEntrackr · 14d ago
Prashant Pitti’s Optimo Capital raises Rs 100 Cr from PNB
Medial

Prashant Pitti’s Optimo Capital raises Rs 100 Cr from PNB Optimo Capital, a technology-led NBFC focused on MSME lending, has secured Rs 100 crore in debt funding from Punjab National Bank and entered into a co-lending partnership with Godrej Finance Limited to disburse Rs 200 crore over the next 12 months. The development comes six months after the company raised Rs 150 crore in equity funding led by Blume Ventures and Omnivore, with participation from founder Prashant Pitti. Optimo offers digital secured loan-against-property (LAP) products for MSMEs, targeting borrowers who face challenges in accessing formal credit despite owning collateral. Its lending infrastructure is built on a dataset of over 77 lakh mortgage and property transaction records, along with AI-led property inspection and valuation systems. The platform also enables in-principle loan sanctions within a few hours. The company currently manages over Rs 430 crore in assets under management and maintains gross NPAs below 0.7%. It has been profitable for the past 22 months, generating monthly profits in the range of Rs 2–3 crore. Optimo recently received a BBB (Stable) rating from CARE Ratings. Optimo operates 51 branches across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh, focusing on MSME borrowers in semi-urban and rural markets. It employs over 500 people across functions. The partnership with Godrej Finance is expected to expand Optimo’s lending capacity, while the debt infusion from Punjab National Bank will support balance sheet growth.

Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55%

EntrackrEntrackr · 5m ago
Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55%
Medial

Yubi records Rs 660 Cr revenue in FY25; adjusted EBITDA improves 55% Fintech company Yubi (formerly CredAvenue) saw a 36% year-on-year growth in operating revenue in FY25 and improved its profitability metrics. Significantly, the Chennai-based company reduced its adjusted EBITDA losses by 55% in the fiscal year ended March 2025. According to its consolidated annual financial statements sourced from the Registrar of Companies (RoC), Yubi’s revenue from operations rose to Rs 660 crore in FY25 from Rs 484 crore in FY24. Yubi operates as a debt marketplace and infrastructure platform, connecting enterprises with banks and NBFCs for term loans, working capital, and other debt products. Transaction fees from successful loan closures remained the major revenue driver, contributing 48% of total operating revenue, which surged 55% to Rs 318 crore in FY25. Other income streams included platform services of Rs 98 crore, collection services of Rs 181 crore, and corporate database services of Rs 66 crore. The Peak XV Partners-backed company also earned Rs 53 crore from bank deposits and interest income, taking its total income to Rs 713 crore in FY25, up from Rs 562 crore in FY24. With respect to expenses, employee benefits continued to be the largest cost component, forming around 40% of total expenditure, and rose to Rs 439 crore in FY25. This includes a non-cash ESOP expense of Rs 160 crore. Yubi’s information technology costs and sales & marketing expenses stood at Rs 103 crore and Rs 32 crore, respectively. The debt marketplace’s total expenditure increased to Rs 1,116 crore in FY25, compared to Rs 939 crore in FY24. Consequently, Yubi reported a net loss of Rs 416 crore for the fiscal year. However, after excluding non-cash items such as ESOP costs, depreciation, and loss of net fair value changes, its adjusted EBITDA improved by 55%, narrowing to Rs 68.83 crore in FY25 from Rs 155 crore in FY24. Operationally, Yubi claims its lending platform facilitates nearly 80,000 loan transactions daily. The company’s MENA region’s business grew 200% during the year, and it is now expanding into Southeast Asia while preparing to enter the U.S. market in the coming year. To date, Yubi has raised over $250 million, including a $135 million Series B round that brought it to unicorn status. The company counts Vivitri Capital, Peak XV Partners, TVS Capital, Lightspeed, B Capital, Lightrock, Insight Luxembourg, and others among its investors.

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