Gaurav Kumar, the founder and CEO of Yubi (formerly CredAvenue), a fintech unicorn, has invested Rs 250 crore ($30 million) in equity capital in his venture. This represents one of the most substantial capital infusions by a technology company founder in recent history.
The Unified Lending Interface (ULI), a technology platform that facilitates seamless credit, will be implemented nationwide by the Reserve Bank of India (RBI) in due course.
Santosh Hegde, who was VP-Marketing at Abhay Hanjura and Vivek Gupta's consumer food company Licious from January 2022 to July 2024, is now Atlys' Head of Marketing.
Goodveda, a direct-to-consumer (D2C) venture that provides a variety of wellness programs, ayurvedic remedies, supplements, and snacks, anticipates a substantial increase in revenue and customer base, which will be facilitated by the desire for healthy and convenient snack options.
Legends Competition Cricket (LLC), a cricket competition that showcases experienced cricketers, has secured funding of Rs 39 crore from Brickwork at a valuation of Rs 350 crore.