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Cred valuation nearly doubles after $250-million funding Mumbai: Fintech startup Cred has raised $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of $4.01 billion, the company said in a statement to ET. The round nearly doubles the Bengaluru-based startup’s valuation from $2.2 billion in
CRED has raised an aggregate amount of $547 million from a bunch of investors this year, diversifying its financial services portfolio simultaneously to target the underserved market in India.
Cred enters unicorn club; valuation touches $2.2 bn Cred is among the few Indian startups to accomplish unicorn status at an early stage, having started its operations only two and a half years ago BusinessToday.In | April 6, 2021 | Updated 17:12 IST Credit card payment platform Cred had in early January 2021 announced a $80 million fundraising round, which had valued it at $806 million Credit card payment platform Cred announced on Tuesday, April 6, that it has closed its Series D funding round, raising $215 million. With this, the fintech startup has become a unicorn with its valuation ne...
We'll soon meet in your inbox. Please wait... Existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina also participated in the new round, while Insight Partner is the new entrant to Cred's cap table. "I'm very happy to share that three months after our Series C, continued interest from leading institutional investors has resulted in us closing a Series D," Shah said in the note, reviewed by ET. "While valuation is a milestone that many celebrate, we view it as a responsibility and an opportunity to create member value," added Shah, wh...
We'll soon meet in your inbox. Please wait... Existing investors Coatue, DST Global, Ribbit Capital, Tiger Global and Sequoia Capital are also expected to take part in this deal. TechCrunch was the first to report the funding news. The latest round will more than double the company’s valuation in less than four months amid increased demand among investors for a piece of India’s growth-stage fintech startups. An email sent to Falcon Edge didn’t elicit a response while Cred didn’t comment on ET’s query. The startup, founded in late 2018, had raised its Series A round in August 2019 a...