Yubi, formerly known as CredAvenue, achieved a valuation of $1.5 billion through a secondary share sale transaction. Vivriti Capital, the parent company, sold a portion of its shares to existing investors, reducing its stake in Yubi to below 50%.
This secondary transaction marked a significant increase from Yubi’s valuation of $1.3 billion in March 2022. The rise in valuation reflects the growing confidence in the Indian fintech sector, highlighting Yubi’s impressive growth in recent years.
As a prominent digital lending platform in India, Yubi offers a diverse range of lending products to businesses and individuals. With over 100,000 borrowers on its platform, Yubi has already disbursed more than $1 billion in loans.
The secondary transaction not only enhances Yubi’s ability to expand its operations but also enables the company to explore new markets. Additionally, Yubi has plans to introduce fresh products and services in the coming months.
Yubi’s valuation represents a significant milestone for the Indian fintech sector, demonstrating the sector’s increasing confidence. The company’s success is a testament to the hard work of its dedicated team and the rising demand for digital lending products in India.
