Debt platform Yubi (formerly CredAvenue)'s  revenue from operations jumped 47.6% to Rs 483.7 crore in FY24 as compared to Rs 327.57 crore in FY23.

The company's losses for the fiscal were Rs 395.8 crore from Rs 509.83 crore in FY23. 

Income from the platform services stood at Rs 220.54 crore; collection revenue, or interest earned on loans, brought in Rs 133.95 crore in FY24. Income from fee-based services and corporate database offerings contributed Rs 89.38 crore and Rs 44.46 crore, respectively, Entrackr reported citing the Registrar of Companies (RoC) filings.

Yubi’s total expenses stood at Rs 938.82 crore in FY24.

Yubi, which offers a lending marketplace, a supply chain financing marketplace, and real estate and infrastructure financing solutions, raised $135 million Series B round in 2022 led by Insight Partners, Dragoneer Investment Group, and B Capital Group. In August, Yubi’s founder and CEO Gaurav Kumar invested Rs 250 crore ($30 million) in equity capital in the company. Yubi’s NBFC arm Vivriti Capital holds a little over 50% stake in the company.