SUMMARY
- Yubi Group’s founder, Gaurav Kumar, has invested ₹250 crore into the company, which was approved by the board in August 2024.
- The company has facilitated over ₹1.4 lakh crore in debt volumes, serving 17,000 enterprises and 6,200 investors and lenders.
- This investment follows a similar trend seen with other late-stage startups, reflecting founder confidence and commitment to growth.
Gaurav Kumar, the founder of Yubi Group (formerly CredAvenue), has invested ₹250 crore into his own company in a recent equity round approved by the board in August 2024. This significant capital infusion underscores Kumar’s commitment to scaling the company’s operations and growth trajectory.
Yubi Group, a leading player in the debt market infrastructure, has facilitated over ₹1.4 lakh crore in debt volumes and currently serves more than 17,000 enterprises along with 6,200 investors and lenders. The investment comes as part of a broader strategy to bolster the company’s capabilities and expand its market reach.
This move marks the second instance this month where a founder has invested significantly in their own late-stage startup, following a similar action by OYO‘s founder. Such investments are often seen as a strong signal of confidence in the company’s future prospects and a strategic effort to drive growth.
Source:- INC42
