Yubi’s Valuation Soars to $1.5 Billion Following Successful Secondary Sale by Investors
- ByStartupStory | July 14, 2023
Yubi, the digital lending platform and subsidiary of Vivriti Capital, has achieved a valuation of approximately $1.5 billion after a recent successful secondary transaction. As part of this transaction, Vivriti Capital has sold a portion of its stake, bringing its shareholding below 50%. The process of separating Yubi from its parent company began nearly a year ago, aiming to establish independent entities for the lending platform and the Non-Banking Financial Company (NBFC). The restructuring process is now nearing completion.
Yubi attained unicorn status in March of the previous year, with a valuation of around $1.3 billion after a Series B funding round. While the investors involved in the recent secondary transaction have not been disclosed, Yubi has been actively expanding its portfolio through strategic acquisitions. Last month, it acquired Finfort, a Bengaluru-based credit analytics company, and in previous years it made significant acquisitions such as Corpository and Spocto Solutions.
Founded by Gaurav Kumar and formerly known as CredAvenue, Yubi is an Indian fintech company that facilitates connections between businesses and financial institutions, banks, and lenders through its digital platform. The recent secondary sale and independent valuation mark an important milestone for Yubi as it continues to solidify its position in the digital lending market.
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