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Bengaluru, India – July 13, 2023 – Yubi, a digital lending platform, has seen its valuation soar to $1.5 billion following a successful secondary sale of shares by investors. The sale was led by Insight Partners, with participation from Dragoneer Investment Group and B Capital Group.
Yubi was founded in 2015 by Abhishek Agarwal and Nikhil Kamath. The company provides a platform that allows businesses to offer digital lending to their customers. Yubi’s platform is used by businesses of all sizes, from startups to large enterprises.
The secondary sale of shares by investors is a sign of the strong confidence that investors have in Yubi. The sale also reflects the growing demand for digital lending solutions.
“We are very happy with the successful secondary sale of shares,” said Abhishek Agarwal, CEO of Yubi. “This is a testament to the strong growth that we have seen in recent years. We are confident that the future is bright for Yubi.”
The secondary sale of shares will allow Yubi to accelerate its growth. The company plans to use the proceeds from the sale to hire more staff, expand its product offerings, and enter new markets.
Here are some additional details about the secondary sale:
- The sale was led by Insight Partners.
- The round also saw participation from Dragoneer Investment Group and B Capital Group.
- The sale valued Yubi at $1.5 billion.
- The proceeds from the sale will be used to accelerate Yubi’s growth.
What do you think about the secondary sale?
I think the secondary sale is a great sign for Yubi. It shows that investors have a lot of confidence in the company and its future prospects. I am excited to see what Yubi accomplishes in the years to come.
