Yubi, an Indian fintech platform, is planning to raise $150 million to $200 million in a new funding round to support its global expansion.

The company has already received backing from venture capital firms such as Insight Partners and Peak XV.

The fundraising effort is scheduled to begin in the first quarter of next year.

Yubi's CEO, Gaurav Kumar, stated that the company has successfully reduced its losses and is now well-positioned for growth in the competitive fintech industry.

The upcoming capital infusion will further support Yubi's efforts to expand its market presence internationally.