CredAvenue Pvt Ltd (Yubi)
Chennai fintech unicorn running India's largest debt marketplace (Yubi Loans, Yubi Invest, Yubi Co.Lend, Yubi Pools); FY25 revenue ₹660 Cr, IPO targeted within two years.
Market cap
₹12,085 Cr
21.58 Cr shares
P/E ratio
Loss making
Sector average 40
Book value
₹39.28
P/B 14.26
1-year return
+0.00%
52w ₹560 – ₹620
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹560 → ₹560
52-week band in this window: ₹560.00 – ₹560.00. Weekly indicative marks, not exchange-traded prices.
Key highlights
- FY25 revenue ₹660 Cr (+36%), net loss ₹416 Cr incl. ₹160 Cr ESOP cost; adjusted EBITDA loss cut 55% to ₹69 Cr.
- Founder has invested ₹330 Cr+ of his own money; Nov 2025 round added ₹336 Cr debt from EvolutionX.
- Altius quote ₹620 buy / ₹500 sell; IPO planned within two years.
About Yubi
CredAvenue Private Limited, branded Yubi since June 2022, operates a technology platform through which companies raise debt from banks, NBFCs and bond investors. Its products cover corporate loans (Yubi Loans), bond issuance and fixed-income investing (Yubi Invest), co-lending (Yubi Co.Lend), securitisation and pool sales (Yubi Pools), supply-chain finance (Yubi Flow) and collections; the group also owns the Spocto collections platform, Corpository (credit analytics) and a securities arm.
Founded by Gaurav Kumar (ex-Vivriti Capital) and Vineet Sukumar, the company became a unicorn in March 2022 when a $137 Mn Series B led by Insight Partners, B Capital and Dragoneer valued it at $1.3 Bn; earlier backers include Peak XV (Sequoia), Lightspeed and TVS Capital. Since then the founder has funded the company himself: ₹250 Cr in August 2024 and ₹75 Cr of equity within a ₹411 Cr debt-plus-equity round from EvolutionX in November 2025.
FY25 operating revenue rose 36% to ₹660.1 Cr (total income ₹713.4 Cr) while total expenses were ₹1,116 Cr, giving a net loss of ₹416.1 Cr; ₹160 Cr of that was non-cash ESOP cost and adjusted-EBITDA loss narrowed 55% to ₹69 Cr. Management has said it wants profitability by March 2027 and an IPO within 18–24 months. Depreciation, interest, balance-sheet and cash-flow lines below are estimates. Figures preliminary; verify from MCA filings.
Altius Investech quotes ₹620 buy / ₹500 sell. The share count used here (21.58 Cr) is derived from paid-up capital of ₹215.77 Cr at ₹10 face value and may include preference shares; check the capital structure before valuing.
Where the revenue comes from
- Yubi Loans & Co.Lend (loan marketplace, co-lending)45%
Platform fees on corporate and co-lending volumes — estimate
- Yubi Invest & Pools (bonds, securitisation)25%
Issuance and distribution fees — estimate
- Spocto collections & Corpository analytics20%
SaaS and success-fee revenue — estimate
- Supply-chain finance & other10%
Yubi Flow and international — estimate
Products & services
Yubi Loans
Corporate loan marketplace connecting borrowers with banks and NBFCs.
Yubi Invest
Bond issuance and fixed-income investment platform for institutions and individuals.
Yubi Co.Lend & Yubi Pools
Co-lending and securitisation / pool-sale infrastructure for lenders.
Spocto & Corpository
Digital collections platform and corporate credit-analytics data business.
What works
- • Largest Indian debt-marketplace by volume with 17,000+ enterprises and 6,000+ lenders/investors on the platform; multiple products cross-sold into the same client base.
- • Revenue growing 36–47% a year with adjusted-EBITDA loss cut 55% in FY25; founder has put more than ₹330 Cr of his own equity in, aligning him with minority holders.
- • Regulated group entities (securities, debenture-trustee-adjacent services) and data assets (Corpository, Spocto) are hard to replicate.
What to watch
- • Still loss-making: net loss of ₹416 Cr in FY25 on ₹660 Cr revenue; profitability target of FY27 is a promise, not a record.
- • Preference shares with liquidation preferences held by Insight, B Capital, Dragoneer and others rank ahead of the common equity sold in the unlisted market.
- • Lender appetite is cyclical; RBI tightening on unsecured and co-lending flows directly cuts platform volumes.
- • The Nov 2025 round was mostly structured debt (₹336 Cr from EvolutionX), adding fixed obligations to a loss-making business.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| YubiThis page | ₹560.00 | ₹12,085 Cr | — | 14.26 | +41.65% |
| OfBusiness | ₹415.00 | ₹41,500 Cr | 62.41 | 5.75 | +3.44% |
| Vernost | ₹8,075.00 | ₹3,577 Cr | 151.70 | 59.62 | +57.34% |
Latest reported year: FY25 ending 31 Mar 2025.