Fintech Unicorn Yubi's CEO injects 
250 crore in his own Startup 'Vivitri'
Gaurav Kumar, the Founder & CEO of the fintech unicorn Yubi (formerly CredAvenue), has invested 
250 crore, or $30 million, in equity capital for his startup.
250 crore, or $30 million, in equity capital for his startup.
This makes quite possibly of the biggest capital implantation by the founder in an innovation organization lately. The leading body of Yubi endorsed this value round in August 2024.
Kumar & Vineet Sukumar established Non-Banking Monetary Organization - NBFC ‘Vivitri’ in 2017. The debt marketplace Yubi was co-founded by the pair three years later. Through its platform, Yubi connects businesses seeking loans with investors and other financial institutions. Vendor and dealer financing, as well as a bonds marketplace with exclusive primary and secondary bonds, are among its solutions.
The organization professes to have worked with over 1, 40,000 crore under debt volumes, serves in excess of 17,000 ventures & 6,200 financial backers and moneylenders. Yubi turned unicorn in the month of March 2022 after a $135 million Series B funding round directed by Insight partners, Dragoneer Investment Group, and B Capital Group. After a secondary sale, its value reached $1.5 billion last year.
1, 40,000 crore under debt volumes, serves in excess of 17,000 ventures & 6,200 financial backers and moneylenders. Yubi turned unicorn in the month of March 2022 after a $135 million Series B funding round directed by Insight partners, Dragoneer Investment Group, and B Capital Group. After a secondary sale, its value reached $1.5 billion last year.
Last month, Yubi had added new employee stock options worth $26 million for its workers. The total value of the company's ESOP plan was $70 million. In 2024, the pattern of investments from originators in their own startup is getting high. Through his Singapore-based company Patient Capital, Oyo founder Ritesh Agarwal recently invested $100 million in the company alone. Ather Energy's co-founders, Tarun Mehta and Swapnil Jain, made a $10 million investment in the business.
