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Yubi Group raises Rs 411 Cr in new round

EntrackrEntrackr ยท 4h ago
Yubi Group raises Rs 411 Cr in new round
Medial

Yubi Group raises Rs 411 Cr in new round Fintech platform Yubi Group has raised Rs 411 crore (around $46.3 million) in a new funding round which includes a long-term structured debt facility and Rs 336 crore (around $37.9 million) in equity from EvolutionX Debt Capital. Founder and CEO Gaurav Kumar has also invested Rs 75 crore, taking his total equity investment in the company to more than Rs 330 crore ($37.2 million). The proceeds will be used to expand operations in Southeast Asia and the US, strengthen Yubiโ€™s presence in the Middle East, and increase investment in its AI products. It will also support global expansion and the scaling of Yubiโ€™s operating system for financial services. Yubi claims to have facilitated more than Rs 3.2 lakh crore in debt and enabled over 48 lakh transactions. The company works with more than 17,000 enterprises and over 6,200 lenders and investors. Yubi Group is an AI-powered operating system for financial services founded in 2020. Its core AI suite, YuVerse, powers Yubi, Accumn, Spocto X, and YuCollect, which together offer lending, underwriting, and collections solutions. To date, Yubi has raised over $296 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. As per TheKredible, Yubiโ€™s revenue from operations rose to Rs 660 crore in FY25 from Rs 484 crore in FY24. Consequently, Yubi reported a net loss of Rs 416 crore for the fiscal year.

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Exclusive: Fintech unicorn Yubi adds fresh ESOPs worth $26 Mn

EntrackrEntrackr ยท 1y ago
Exclusive: Fintech unicorn Yubi adds fresh ESOPs worth $26 Mn
Medial

Fintech unicorn Yubi (formerly CredAvenue), which provides loans to businesses, has added fresh employee stock option (ESOP) options for its employees under its existing and new ESOP plans. The board at Yubi has approved a special resolution to add 22,00,000 employee stock options to its new and existing plan, bringing the total ESOP pool to 60,08,920 options, its regulatory filing accessed through the Registrar of Companies (RoC) shows. Yubi has added 11,00,000 new stock options to its existing 2022 ESOP plan, bringing the total to 4,908,920 options. The company has introduced a new 2024 ESOP plan with another 11,00,000 options, a separate filing with the RoC shows. The filing further added that expanding the ESOP pool is an attempt to attract and retain talents working with the company. According to TheKredibleโ€™s estimates, the newly added ESOP options are worth around $26 million while the companyโ€™s total ESOP plan stood at $70 million. Yubi turned unicorn in March 2022 after a $135 million Series B round led by Insight Partners, Dragoneer Investment Group, and B Capital Group. Last year, its valuation touched $1.5 billion after secondary sale. For the uninitiated, Yubiโ€™s platform connects businesses seeking loans with financial institutions and other investors. Its solutions include vendor and dealer financing, and a bonds marketplace that provides access to exclusive primary and secondary bonds. In July, Yubi led a Rs 150 crore debt round for Infra. Market and also participated in a debt round for Auxilo. Entrackr exclusively reported both developments. The Vivriti-backed company almost doubled its revenue to Rs 328 crore in FY23. However, in its pursuit of growth, the firmโ€™s losses spiked more than eight-fold to Rs 482 crore during the same period. The Bengaluru-based firm is yet to file annual financial statements for FY24.

Yubi posts Rs 328 Cr revenue and Rs 482 Cr loss in FY23

EntrackrEntrackr ยท 1y ago
Yubi posts Rs 328 Cr revenue and Rs 482 Cr loss in FY23
Medial

Yubi (formerly CredAvenue) grabbed wide attention when Vivriti Capital sold a part of its stake in the digital lending company at a valuation of $1.5 billion. Even as Vivitri made a fortune after the secondary transaction, the firmโ€™s bottom line worsened, by 8X in the fiscal year ending March 2023. We will dive deeper into the companyโ€™s expenses pattern, which is responsible for its steep losses later in our analysis. For now, letโ€™s review its collection streams. Yubiโ€™s revenue from operations surged 98% to Rs 328 crore in FY23 from Rs 166 crore in FY22, its consolidated financial statements filed with the Registrar of Companies show. Yubi is a debt platform that connects businesses with banks and NBFCs. The company offers six distinct products including a lending marketplace, a supply chain financing marketplace, and dedicated real estate and infrastructure financing solutions. With 6,200 investors and over 17,000 active enterprises on board, Yubi claims to have facilitated credit worth Rs 1.4 lakh crore. Income from merchant banking and other allied services provided to corporate borrowers and debt investors formed 54% of the total revenue. Commissions on debt facilitation, collection solutions and data collection were other revenue drivers for Yubi. Check TheKredible for the detailed revenue breakup. Similar to the other technology startups, Yubiโ€™s employee benefits accounted for 48% of the overall expenses. This cost surged 4.7X to Rs 432 crore in FY23 from Rs 92 crore in FY22. This expense also included Rs 109 crore as ESOPs cost (non-cash in nature). Yubiโ€™s business supports services, information technology, traveling, legal/professional, and marketing costs took its overall expenditure up by 314% to Rs 895 crore in FY23 from Rs 216 crore in FY22. Expenses Breakdown Total โ‚น 216 Cr https://thekredible.com/company/yubi-credavenue-/financials View Full Data To access complete data, visithttps://thekredible.com/company/yubi-credavenue-/financials Total โ‚น 895 Cr https://thekredible.com/company/yubi-credavenue-/financials View Full Data To access complete data, visithttps://thekredible.com/company/yubi-credavenue-/financials Employee benefit Employee benefit Business support service Business support service Information technology Information technology Travelling conveyance Travelling conveyance Legal professional Legal professional Advertising promotional Advertising promotional Others To check complete Expense Breakdown visit thekredible.com View full data Head to TheKredible for a complete expense breakdown. At the end, Yubiโ€™s losses increased by 745% to Rs 482 crore in FY23 from Rs 57 crore in FY22. Its ROCE and EBITDA margin worsened -30% and -105%, respectively. On a unit level, the Chennai-based company spent Rs 2.73 to earn a rupee of operating revenue during FY23. FY22-FY23 FY22 FY23 EBITDA Margin -8% -105.1% Expense/โ‚น of Op Revenue โ‚น1.30 โ‚น2.73 ROCE -2% -30% Rs 328 crore is probably a very small, if not fraction of where Yubi wants to be, operating in a market as vast as the debt syndication market in India. While it is too early to judge it for its operating metrics, the assumption is that having arranged credit of almost $18 billion, the firm will have picking up learnings and data along the way that continue to make it better at its job. Itโ€™s a market where seasoning, or time spent in the market matters, and 3 years or more is the minimum one would give before deciding if a firm has it to last. Of course, competition is intense, as is the risk of disintermediation that always hangs in this business, even as the proliferation of platforms like Yubi, Lendingkart etc has probably proven that it is one risk that is overhyped.

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

EntrackrEntrackr ยท 25d 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), Yubiโ€™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. Yubiโ€™s information technology costs and sales & marketing expenses stood at Rs 103 crore and Rs 32 crore, respectively. The debt marketplaceโ€™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 companyโ€™s MENA regionโ€™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.

Exclusive: Infra.Market raises Rs 150 Cr debt led by Yubi

EntrackrEntrackr ยท 1y ago
Exclusive: Infra.Market raises Rs 150 Cr debt led by Yubi
Medial

Infra.Market has secured Rs 150 crore (approximately $18 million) in debt financing over the past two months. The debt infusion for the Mumbai-based firm follows the $50 million equity round from the Mars Unicorn Fund โ€” a joint venture of Liquidity Group and MUFG. The board at Infra.Market has approved a special resolution to issue non-convertible redeemable debentures to raise Rs 150 crore. Previously, the committee had approved a resolution to raise up to Rs 500 crore through debentures. The new infusion is the tranche of Rs 500 crore. Yubi has invested Rs 80 crore while Raymond Limited, IKF Home Finance, and Samunnati Financial participated with Rs 25 crore, Rs 25 crore, and Rs 20 crore, respectively. Founded by Souvik Sengupta and Aaditya Sharda in 2016, Infra.Market sells construction materials, infrastructure goods, and technical equipment. It is targeting the growing construction materials market, with a strong focus on the infrastructure sector. The company caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector. As per the company, it supplies across 16 states in India and also exports to markets such as Dubai, Singapore, Jordan, and Italy, among others. To date, Infra.Market has raised around $520 million across equity and debt. According to the startup intelligence data platform TheKredible, Tiger Global was the largest external stakeholder with 21.33% followed by Accel and Nexus Ventures which own 16.87% and 8.46%, respectively, before this round. While the company is yet to file its annual statements for FY24, Infra.Marketโ€™s gross revenue rose 89% to Rs 11,846 crore in FY23. Tiger global-backed firmโ€™s profit slipped 17% to Rs 155 crore in the same period (FY23). Infra.Marketโ€™s competition includes OfBusiness, Moglix and Zetwerk, among others. OfBusiness recorded nearly Rs 20,000 crore in revenue and Rs 603 crore profit in FY24. Entrackr exclusively reported the firmโ€™s financial numbers on July 8. Meanwhile, Zetwerk and Moglix are yet to report last fiscal year (FY24) numbers.

Argos Watches raises Rs 6.5 Cr in Angel round

EntrackrEntrackr ยท 7m ago
Argos Watches raises Rs 6.5 Cr in Angel round
Medial

Argos Watches raises Rs 6.5 Cr in Angel round Indian luxury watch brand Argos Watches has raised Rs 6.5 crore (around $780K) in an angel funding round, valuing the company at Rs 45 crore ($5.4 million) from a group of high-net-worth Indian investors. The proceeds will be used to create new products, build brand awareness, and grow online. Argos aims to double its revenue this year. Founded by Mr. M. Shahiwala, Argos brand offers high-quality, vintage-style automatic and hand-wound watches at affordable prices. It sells its watches only through its website, using a direct-to-consumer model to offer an easy buying experience. Its watches cost between Rs 8,000 and Rs 20,000. Its Apollo series and flagship Olympus watch, a mechanical watch with a power reserve indicator, have gained popularity among Indian watch enthusiasts. As of 2025, Argos remains bootstrapped, with an estimated revenue of around $580,000 annually. The brand plans to launch more models with advanced features while continuing to build its brand through community engagement and digital presence.

Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures

EntrackrEntrackr ยท 1y ago
Moxie Beauty raises Rs 17.3 Cr led by Fireside Ventures
Medial

D2C haircare brand Moxie Beauty has raised Rs 17.3 crore or $2.1 million in a new round led by Fireside Ventures. The round also saw participation from a group of angel investors, including Samir Singh (ex Unilever CMO Personal Care, Chair Unilever Asia), Arjun Purkayastha, Suhasini Sampath (founder, Yoga Bar), Navin Parwal and Sangeet Agrawal (founders, Mokobara). In April last year, the Gurugram-based startup had raised $669K in its seed round from Amplify Partners, OTP Venture Partners and others. The new proceeds will be used towards product innovation and research, hiring talent, and expanding distribution channels. Launched by Nikita Khanna and Anmol Ahlawat, Moxie Beauty makes salon-quality hair care products that are tailored for Indian hair textures. Besides essentials like shampoo and conditioner, it offers leave-in products and styling products that help tackle dryness and frizz.

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