Yubi Group raises Rs 411 Cr in new round

Fintech platform Yubi Group has raised Rs 411 crore (around $46.3 million) in a new funding round which includes a long-term structured debt facility and Rs 336 crore (around $37.9 million) in equity from EvolutionX Debt Capital. 

Founder and CEO Gaurav Kumar has also invested Rs 75 crore, taking his total equity investment in the company to more than Rs 330 crore ($37.2 million).

The proceeds will be used to expand operations in Southeast Asia and the US, strengthen Yubi’s presence in the Middle East, and increase investment in its AI products. It…