Cred Army
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/ Daily Top 5
Good evening,
It's raining unicorns in India with two startups -- Meesho and Cred -- entering the coveted club in as many days.
Also in today's letter:
��Clubhouse's monetisation play
Cred is India's newest startup unicorn
Two-year-old Cred has become one of India's youngest
startup unicorns by landing $215 million in new funds. The round was led by new investor Falcon Edge and existing investor Coatue Management.
Valuation jump: Cred's valuation has jumped to $2.2 billion from $800 million just three months ago, when it raised $81 million in its Series C round.