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Sri Sai Creations Soars 20% After Onboarding Yubi’s Supply Chain Finance.

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Vendor Case Study Sri Sai Creations 1 Sri Sai Creations Soars 20% After Onboarding Yubi’s Supply Chain Finance.

KJ Harsha

Promoter, Sri Sai Creations

Thanks to Yubi, we found multiple lenders on a single platform to choose the best deal for the company. We were delighted to partner with VCPL, where we received Rs 4 crore in funding which helped us expand our operations when the demand was picking up. We could leverage this opportunity and see revenue rise massively!

About the Company

Sri Sai Creations is a multi-garment production company established in 2014 by Mr KJ Harsha. The company produces a wide range of apparel like jeans, trousers, shirts, skirts, and jackets, among others, on a mass scale. Sri Sai Creations’ operations are spearheaded by Mr Harsha, who has over 20 years of experience in the industry and has worked with market leaders like Raymond, Myntra, USPL, Madhura, and Arvind Limited.

The Challenge

Here are some major challenges Sri Sai Creations were facing before they discovered Yubi:

  1. Producing a range of different apparel on a mass scale requires large capital. Sri Sai Creations was facing a shortage of working capital.
  2. Credit limit exhaustion and no quick access to credit.
  3. Liaison with another banking partner comes with disadvantages like time constraints and tedious paperwork.
  4. Lacked an in-house financial expert who could steer the company towards the right products from the debt market and put them in touch with the right lending partners.
  5. The pandemic further dented the company’s plan to expand its operations, which required an influx of Rs 4 crore urgently.
  6. Getting access to the right kind of deals that fit in well with the business requirements and secure funding became a hassle..

The Solution

The company aimed to strengthen its relationship with its customers, business associates, and vendors to further cement its position in the market. Sri Sai Creations found the solution to all their challenges under one roof in Yubi. Here’s how:

  1. Yubi onboarded the company in record time with minimal paperwork and started its journey to find a suitable debt partner.
  2. The company instantly got access to a credit marketplace that has a tech-first approach that eased timelines and sales cycles
  3. Sri Sai Creations could quickly access deals that were cost-effective and had terms in line with business requirements
  4. The company could easily discover multiple listed investors in YubiFlow (our supply chain finance marketplace) to give their supply chain the extra push.

The Results

Sri Sai Creations has become a much sought-after name in the textile industry, which is built on the foundation of guaranteeing outstanding customer experience and superior quality products. The simple process of securing funding helped the company devote their time to growth strategies which timed well with the festive season in the country.

  1. With access to multiple lenders, Sri Sai Creations could discover relevant deals on Yubi and receive funding worth Rs 4 crore in under one week.
  2. Could successfully purchase additional stock to expand operations and repay their vendors on time.
  3. 20% increase in sales and revenue.
  4. Was able to set up another manufacturing unit while increasing its sales and revenue by nearly 20%!

Looking to bring innovation to your supply chain? Write to us at credscf@go-yubi.com or download a copy of our brochure here.