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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Yubi secures Rs 75 crore from founder Gaurav Kumar



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:…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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