Yubi, formerly known as CredAvenue, is making waves in the financial technology sector, showcasing impressive growth and strategic improvements in its financial performance for the fiscal year 2023-24 (FY24). The company, which operates as a debt platform for enterprises, banks, and fintech firms, has reported a 47.6% growth in its revenue from operations, reaching Rs 484 crore. At the same time…
Moneyview, a leading consumer lending platform, has achieved unicorn status following a recent funding round that brought in new capital from existing investors. The company raised INR 38.64 crore (approximately USD 4.65 million) by issuing 60,23,382 equity shares at INR 64.15 each. Major contributions came from Accel India, which invested INR 29 crore, and Nexus Ventures, which added INR 19…
Moneyview, the Bengaluru-based fintech startup, has recently achieved unicorn status, marking a significant milestone in India’s burgeoning startup ecosystem. According to a report by Entrackr, Moneyview has reached a $1.2 billion valuation following its latest funding round. This new valuation positions Moneyview among the elite group of startups valued at over a billion dollars, showcasing the…
Moneyview Raises $30 Million in Debt to Fuel Future Growth
Moneyview, the Bengaluru-based lending platform, is set to raise Rs 250 crore (approximately $30 million) through a private debt placement, marking its first major debt round in three years. The company’s board has approved the issuance of non-convertible debentures (NCDs) to facilitate this funding, according to internal documents…
Darwinbox has announced the promotion of Vineet Singh from Chief Technology Officer (CTO) to Co-Founder, marking a significant milestone for the HR tech platform. Founded in 2015 by Jayant Paleti, Rohit Chennamaneni, and Chaitanya Peddi, Darwinbox specializes in comprehensive HR functions including employee onboarding, attendance, and payroll. The company has garnered support from global investors…
In a world where water scarcity and contamination are growing concerns, Gradiant has emerged as a beacon of innovation and sustainability. This Boston-based water treatment startup, founded in 2013 by MIT spinout Anurag Bajpayee and Prakash Govindan, has recently achieved unicorn status, securing an impressive $225 million in venture capital funding. Their success is not just a milestone but a…
