Biography of Gaurav Kumar:Founder & CEO of Yubi, Spocto, Aspero & Vivriti Capital Entrepreneur
Story of Gaurav Kumar: Pioneer in India's Debt Market
Early Career and Vision
Gaurav Kumar, a distinguished figure in India’s debt market,
has dedicated over 15 years to transforming this sector through innovation. As
the founder of Yubi, formerly known as CredAvenue, Gaurav has embarked on a
mission to revolutionize the debt market by integrating technology. His
extensive experience spans multiple facets of the debt market, including
asset-backed securitization, microfinance, and unsecured business loans.
Early Education and Foundation
Gaurav Kumar's educational journey began at Delhi
University, where he pursued his undergraduate studies, followed by an MBA at
the Institute of Rural Management Anand (IRMA). These formative years equipped
him with a solid academic foundation, blending general education with
specialized business knowledge.
Early Career and Northern Arc
Gaurav’s professional path started at Northern Arc Capital,
where he played a pivotal role as a founding member and Chief Business Officer
from May 2008 to May 2017. At Northern Arc, he was instrumental in establishing
the company's market presence and shaping its business strategy, contributing
significantly to its growth and success in the financial services sector.
Leadership at Northern Arc Investment Adviser Services
In May 2016, Gaurav took on the role of Chief Executive
Officer at Northern Arc Investment Adviser Services. During his tenure, which
lasted until May 2017, he guided the company through crucial phases of growth
and development, enhancing its position in the investment advisory field and
influencing its strategic direction.
Founding Vivriti Capital
In June 2017, Gaurav Kumar founded Vivriti Capital, aiming
to bring innovative solutions to the financial industry. As the founder, he led
the company’s efforts to transform financial services, focusing on providing
new and effective ways to manage investments and financial assets. His vision
and leadership were key to establishing Vivriti Capital as a significant player
in the financial sector.
Biography of Gaurav Kumar:Founder & CEO of Yubi, Spocto,Aspero & Vivriti Capital/Entrepreneur/Success story of Gaurav Kumar/Life story Gaurav/Startup
Expanding with Vivriti Asset Management
Gaurav’s entrepreneurial journey continued with the founding
of Vivriti Asset Management in February 2019. This venture focused on asset
management and investment solutions, further showcasing his commitment to
advancing the financial industry through innovative approaches and strategic
management.
Launching Yubi
In August 2020, Gaurav Kumar founded Yubi, a company
designed to revolutionize the financial services landscape. Under his leadership,
Yubi has been at the forefront of integrating technology with finance, offering
cutting-edge solutions that address the evolving needs of the industry.This
platform simplifies the process for businesses to connect with various lenders,
including both banks and non-bank financial companies, thereby providing a
streamlined approach to obtaining debt financing.
Career Milestones
Before founding Yubi, Gaurav held significant positions that
shaped his expertise in the finance industry. He served as the Chief Business
Officer at Northern Arc Capital, previously known as IFMR Capital, where he was
integral to the company’s growth. Additionally, he was the CEO of Northern Arc
Investment Adviser Services. His tenure at these firms solidified his
reputation as a leading figure in structured finance.
Entrepreneurial Achievements
Gaurav’s career is marked by several pioneering
achievements. He played a crucial role in opening Indian Asset-Backed
Securitization (ABS) markets and was involved in scaling over ten structured
finance products. His entrepreneurial journey also includes co-founding Vivriti
Capital and Vivriti Asset Management, which further expanded his influence in
the financial sector.
Advisory Roles
In addition to his role at Yubi, Gaurav contributes to the
fintech and consumer tech sectors as an advisor. He provides strategic guidance
on digital strategies and business plans to companies in India and Europe. His
expertise is sought after on several advisory boards, reflecting his broad
influence in the industry.
National Committees
Gaurav is also a member of the National Committee on
Financial Inclusion and FinTech for 2021-22. His involvement in these
committees underscores his commitment to advancing financial inclusion and
shaping the future of financial technology in India.
Building Aspero and Spocto
In June 2021, Gaurav expanded his entrepreneurial portfolio
with the establishment of Aspero. Additionally, he took on the role of CEO and
Director at Spocto, a Yubi company, starting in February 2022. These ventures
reflect his ongoing commitment to driving innovation and growth in the financial
technology sector.
Board Roles and Strategic Involvement
Beyond his founding roles, Gaurav Kumar serves on the boards
of several Yubi companies, including Corpository and FinFort Infotech. His
involvement in these roles highlights his strategic influence and dedication to
advancing the financial technology landscape, positioning himself as a key
figure in shaping the industry’s future.
Yubi’s Growth and Impact
Under Gaurav’s leadership, Yubi has achieved remarkable
success. The company entered the unicorn club in March 2022 with a valuation of
$1.3 billion. By expanding its platform and acquiring three
organizations—FinFort, SPOCTO, and Corpository—Yubi has further solidified its
position in the fintech landscape.
Funding Success
Yubi’s financial trajectory has been impressive, with the
company raising $137 million in its latest funding round. The successful
secondary sales by investors have pushed Yubi’s valuation to $1.5 billion. This
funding supports Yubi’s continued growth and innovation in connecting borrowers
with suitable investors.
Vivriti Capital and Financial Innovations
Prior to Yubi, Gaurav founded Vivriti Capital, India’s first
tech-enabled online marketplace offering customized debt products to
institutional clients. His work at Vivriti Capital and his previous roles at
IFMR Capital involved strategic partnership building, credit appraisal, and
risk management, contributing to a track record of nearly a decade without
defaults.
Legacy and Future Outlook
Gaurav Kumar’s journey is a testament to his vision and
dedication to transforming India’s debt market through technology. His
innovative approach and leadership have not only created significant impact
within the sector but also set a precedent for the future of financial
technology and institutional debt markets in India.
A timeline for Gaurav Kumar’s notable career and
achievements:
Early Education: Completed undergraduate studies at Delhi
University and an MBA at the Institute of Rural Management Anand (IRMA).
May 2008 - May 2017: Founding member and Chief Business Officer
at Northern Arc Capital.
May 2016 - May 2017: CEO at Northern Arc Investment Adviser
Services.
June 2017: Founded Vivriti Capital, a financial services
firm focusing on innovative solutions.
February 2019: Founded Vivriti Asset Management, focusing on
asset management and investment solutions.
August 2020: Founded Yubi (formerly CredAvenue), aimed at
revolutionizing debt markets through technology integration.
June 2021: Founded Aspero, expanding his entrepreneurial
ventures.
February 2022: Took on the role of CEO and Director at
Spocto, a Yubi company.
March 2022: Yubi achieved unicorn status with a valuation of
$1.3 billion.
2023: Yubi raised $137 million in funding, pushing its valuation to $1.5 billion.
Ongoing: Member of the National Committee on Financial Inclusion
and FinTech for 2021-22.
Ongoing: Serves on the boards of several Yubi companies,
including Corpository and FinFort Infotech.
