What is Credavenue and what is its relationship with Yubi?

Credavenue Private Limited is the legal entity that operates the Yubi platform. The company rebranded from CredAvenue to Yubi in 2022 to reflect its broader ambition as a full-stack credit infrastructure company beyond just a debt marketplace. The CIN (U72900TN2020PTC137251) confirms the company is registered in Tamil Nadu and was incorporated in 2020.

Who founded Credavenue / Yubi?

Credavenue was founded by Gaurav Kumar, who previously served as COO of IFMR Capital, one of India's leading structured finance institutions. His background in credit markets provided the domain expertise to build India's largest debt marketplace.

Is Credavenue / Yubi a unicorn?

Yes, Credavenue achieved unicorn status in 2022 when it raised a funding round that valued the company at over $1 billion. It is considered India's first debt-as-a-service unicorn.

Who are the major investors in Credavenue / Yubi?

The company's marquee investors include Peak XV Partners (formerly Sequoia Capital India), Lightspeed Venture Partners, B Capital Group, Dragoneer Investment Group, and Insight Partners — all globally recognised technology venture capital firms.

What types of debt instruments does Credavenue / Yubi facilitate?

The Yubi platform facilitates a comprehensive range of debt products including: non-convertible debentures (NCDs), securitisation and pool buyouts, co-lending partnerships, supply chain finance, term loans, working capital facilities, and structured credit products.

Is Credavenue / Yubi listed on a stock exchange?

No, Credavenue Private Limited (Yubi) is an unlisted private company. Shares may occasionally appear in the pre-IPO unlisted market. The company has not announced an IPO as of 2025.

How do I buy CredAvenue (Yubi) unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for CredAvenue (Yubi)?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell CredAvenue (Yubi) shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

CredAvenue (Yubi) Unlisted Share Price | Buy CredAvenue (Yubi) Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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CredAvenue (Yubi) Unlisted Share Price | Buy CredAvenue (Yubi) Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Credavenue Private Limited (Yubi) is one of India's most strategically positioned fintech platforms, operating as the infrastructure backbone of the country's institutional debt markets. As a unicorn with world-class investors and a founder with deep domain expertise, it is a high-quality unlisted asset. The debt marketplace and co-lending segments are supported by strong structural tailwinds from India's credit market development agenda. The primary risks are regulatory and valuation-related. A future IPO would be a significant value-crystallising event. Investors in the unlisted market at ₹17 per share should conduct detailed due diligence on the current valuation, cap table, and financial trajectory.

Pros

India's first debt-as-a-service (DaaS) unicorn, having crossed a $1 billion valuation in 2022 with backing from global tier-1 investors
Operates the largest debt marketplace in India connecting 4,000+ borrowers and 1,000+ lenders, creating a highly defensible two-sided network effect
Diversified product suite covering bonds, securitisation, co-lending, supply chain finance, and digital lending significantly reduces revenue concentration risk
India's credit market is vastly underpenetrated; the company operates at the infrastructure layer capturing value from a secular multi-decade credit expansion
Founder Gaurav Kumar brings deep domain expertise from IFMR Capital, one of India's most respected structured credit institutions
Strong institutional investor base (Peak XV, Lightspeed, B Capital, Dragoneer) provides capital access and validation
Rebranding to Yubi signals platform ambition beyond debt — positioning as a full-stack credit infrastructure company

Cons

Private company with limited public financial disclosures; profitability trajectory and unit economics not publicly verified
Fintech debt marketplace model is dependent on continued credit demand and macroeconomic stability; an NPA cycle could reduce transaction volumes
Unlisted at ₹17 per share (likely reflecting a very early or fractional share price in the unlisted market); liquidity is very limited
Competition from other fintech credit platforms including Perfios, LoanTap, and traditional bond arrangers from banks and investment banks
Regulatory risk: RBI's evolving digital lending and co-lending regulations could alter the economics of Yubi's marketplace model
Unicorn-era valuation set in 2022 during peak fintech valuations may face downward pressure in a more conservative funding environment

Business Segments

Debt Marketplace (Yubi Bonds)

Digital marketplace connecting corporate bond issuers with institutional and HNI investors; facilitates primary issuances and secondary market transactions of NCDs and bonds

Co-Lending Platform

Facilitates co-lending partnerships between banks and NBFCs under RBI's co-lending model, enabling efficient capital deployment and risk sharing

Supply Chain Finance (Yubi Flow)

Invoice discounting and supply chain financing platform connecting anchors and their dealers/vendors with lenders for working capital solutions

Securitisation & Pool Buyouts

Structuring and placement of securitised pools of retail and MSME loans, connecting originators with investors seeking structured credit exposure

Credit SaaS & Analytics

Revenue Model

Credavenue (Yubi) generates revenue primarily through transaction fees and marketplace commissions charged on debt transactions facilitated through its platform — including bond placements, securitisation, co-lending originations, and supply chain finance drawdowns. Additional revenue streams include SaaS subscription fees for credit analytics tools, technology licensing, and data services sold to lenders and institutional market participants. The model benefits from strong operating leverage as incremental transactions generate high-margin revenue on a fixed technology infrastructure base.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds16

Growth Plans

India corporate bond market deepening under SEBI and RBI's capital market development agenda

Co-lending between banks and NBFCs scaling under RBI's priority sector lending framework

Supply chain finance and invoice discounting market growing as India's MSME ecosystem formalises

Potential IPO providing a public valuation benchmark and significant liquidity event

Recent Developments

Yubi expands credit infrastructure offerings

Yubi continued to expand its product suite in 2024, deepening co-lending partnerships with major public and private sector banks and scaling its supply chain finance platform (Yubi Flow) to serve mid-market and large corporate supply chains.

2024-06

RBI co-lending framework evolution

The RBI's co-lending model (CLM) continued to evolve with revised guidelines, reinforcing the regulatory framework within which Yubi's co-lending marketplace operates. The framework supports bank-NBFC partnerships for priority sector lending, a key Yubi use case.

2023-12

India corporate bond market development

SEBI and RBI continued to push for deeper corporate bond market development in India, with new frameworks for electronic bond platforms and reduced issuance thresholds. This is a structural tailwind for Yubi's bond marketplace segment.

Comparable Companies

CompanyTypeTickerMkt Cap

Perfios (Private)ListedUnlisted~$1 Bn+ (private)

InCred Financial ServicesListedUnlisted~$500 Mn (private)

IIFL FinanceListedIIFL~15,000 Cr

Five-Star Business FinanceListedFIVESTAR~12,000 Cr

Frequently Asked Questions

About CredAvenue (Yubi)

CredAvenue (now rebranded as Yubi) is India's largest debt marketplace platform, connecting borrowers — companies, NBFCs, and startups — with lenders including banks, mutual funds, insurance companies, and family offices. Incorporated in 2020 in Chennai, Tamil Nadu, CredAvenue was co-founded by Gaurav Kumar and his team from Vivriti Capital, with the vision of building a comprehensive digital infrastructure for India's ₹200+ lakh crore debt market. The company achieved unicorn status in March 2022 when it raised $137 million in a Series B round led by Insight Partners, B Capital Group, and Dragoneer Investment Group, bringing its valuation above $1 billion. Earlier, in October 2021, CredAvenue had raised $90 million in a Series A round from Sequoia Capital Growth, Lightspeed India Partners, TVS Shriram Growth Fund, and B Capital Group. CredAvenue's platform facilitates multiple debt instruments including term loans, commercial papers, non-convertible debentures (NCDs), securitization, and co-lending arrangements. The platform leverages technology to standardize debt processes, reduce transaction costs, and improve market efficiency. Its parent company, Vivriti Capital Private Limited, holds approximately 58.5% stake in CredAvenue and reported revenues of ₹1,110 crore as of FY2024. The company operates at the intersection of technology and financial services — addressing a critical market gap in India where formal credit is inaccessible to millions of businesses due to information asymmetry and inefficiency in the debt supply chain. CredAvenue/Yubi has processed thousands of crore in debt transactions since its founding, serving hundreds of borrowers and lenders on its platform. As an unlisted company with significant institutional backing, CredAvenue is a strong IPO candidate. The debt marketplace model is capital-light and scalable — the company earns fees without taking credit risk on its balance sheet, which supports high-quality earnings. India's corporate bond market is expected to deepen significantly in the coming years, providing a strong structural tailwind.

Key Milestones

Common questions about unlisted shares

How do I buy CredAvenue (Yubi) unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings13

Financial PerformanceHigh

Company reported a net loss of ₹395.80 Cr (FY2024) — may signal structural profitability challenges

Source: Financial data

Regulatory / LegalLow

RBI's digital lending guidelines and co-lending regulations directly govern Yubi's core business model. Any adverse regulatory changes could impact platform economics, partnership structures, or permissible activities.

Source: Regulatory Filings

Leverage & DebtMedium

A deterioration in credit quality across India's NBFC or corporate debt sector could reduce transaction volumes on the marketplace, as lenders become risk-averse and borrowers face higher spreads.

Source: AlphaHub Research

Fraud / GovernanceLow

Several established players including banks' in-house bond desks, investment banks, and emerging fintech platforms compete for debt marketplace share. Traditional bond arrangers (ICICI Securities, Axis Capital) retain significant market relationships.

Source: Media Reports / Public Records

Operational RiskLow

The $1 billion+ unicorn valuation set in 2022 during peak fintech funding may face downward re-rating given the global fintech valuation correction since 2022.

Source: AlphaHub Research

Business ScaleMedium

Dependence on large institutional lenders (top 10 banks/NBFCs) for significant transaction volumes creates counterparty concentration risk.

Source: AlphaHub Research

Regulatory / LegalLow

As a technology platform handling large-value financial transactions, cybersecurity breaches, system downtime, or data integrity issues could severely damage reputation and regulatory standing.

Source: Regulatory Filings

Regulatory

Credit Cycle

A deterioration in credit quality across India's NBFC or corporate debt sector could reduce transaction volumes on the marketplace, as lenders become risk-averse and borrowers face higher spreads.

Competition

Valuation Risk

The $1 billion+ unicorn valuation set in 2022 during peak fintech funding may face downward re-rating given the global fintech valuation correction since 2022.

Concentration

Dependence on large institutional lenders (top 10 banks/NBFCs) for significant transaction volumes creates counterparty concentration risk.

Technology

As a technology platform handling large-value financial transactions, cybersecurity breaches, system downtime, or data integrity issues could severely damage reputation and regulatory standing.

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