Following a secondary sale by investors, Yubi’s valuation has reached $1.5 billion.

Following a secondary sale by investors, Yubi’s valuation has reached $1.5 billion.

Yubi, the digital lending platform and subsidiary of Vivriti Capital, has recently completed a successful secondary transaction, resulting in a valuation of approximately $1.5 billion. As part of this transaction, Vivriti Capital has sold a portion of its shareholding to existing investors, reducing its stake to below 50%. The details of the investors involved in

Yubi, the digital lending platform and subsidiary of Vivriti Capital, has recently completed a successful secondary transaction, resulting in a valuation of approximately $1.5 billion. As part of this transaction, Vivriti Capital has sold a portion of its shareholding to existing investors, reducing its stake to below 50%.

The details of the investors involved in the secondary transaction have not been disclosed, as per a report by ET Prime. Over the past year, Yubi has been undergoing a restructuring process to establish itself as an independent entity separate from its parent company, Vivriti Capital. The progress of this restructuring is nearing completion, according to the report.

Yubi achieved unicorn status in March of the previous year when it secured a valuation of around $1.3 billion through a successful Series B funding round. Insight Partners, Dragoneer Investment Group, and B Capital Group led the $137 million funding round. In addition to its recent funding, Yubi has been actively expanding its portfolio through strategic acquisitions.

Last month, it acquired Finfort, a credit analytics company based in Bengaluru, for an undisclosed amount. This acquisition adds to its significant acquisitions from the previous year. In April 2022, Yubi purchased a majority stake in Corpository, a corporate credit underwriting company valued at Rs 100 crore.

Furthermore, in February of the same year, Yubi acquired Spocto Solutions, a debt recovery platform, for Rs 400 crore.

Founded by Gaurav Kumar, Yubi, formerly known as CredAvenue, is an Indian fintech company that connects businesses with financial institutions, banks, and other lenders through its digital platform.

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