Funding
Yubi secures Rs 75 crore from founder Gaurav Kumar
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Chennai-based financial services platform Yubi’s founder and CEO Gaurav Kumar has invested Rs 75 crore in the company in a fresh equity round, the company said in a press note today.
This brings Kumar’s total investment in Yubi to Rs 330 crore. Additionally, the company has also raised Rs 336 crore in a mix of debt and equity from EvolutionX Debt Capital, a growth stage credit platform.
The company said it will use the funds to expand its operations in southeast Asia and the US, and also strengthen its business in the west Asia region.
Kumar said:…
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