Debt financing
Fintech co. Yubi Group raises 336-Cr from EvolutionX
Chennai-based fintech platform Yubi Group has raised INR 411 crore (around USD 46.3 million) in a funding round which includes INR 336 crore (around USD 37.9 million) in structured debt facility from EvolutionX Debt Capital. Founder and CEO Gaurav Kumar also participated in the round, investing INR 75 crore.Founded in 2020, Yubi Group operates as an AI-powered operating system for financial services. Its core AI suite, YuVerse, powers Yubi, Accumn, Spocto X, and YuCollect collectively provide lending, underwriting, and collections solutions.The new funds will be used to expand operations in Southeast Asia and the US, strengthen Yubi's presence in the Middle East, and increase investment in its AI products. It will also support global expansion and the scaling of Yubi's operating system for financial services.
Between Sep 2021 and Mar 2022, Yubi had attracted about USD 239 M from Creation Investments, Lightrock India, Lightspeed Ventures, Peak XV Partners, Pratithi Investments, Stride Ventures, TVS Capital, B Capital Group, Dragoneer Investment Group, Insight Venture Partners and others.For FY25, Yubi had reported about INR 660 Cr in Operating Income and about INR 416 Cr in Net Loss.
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