Indian fintech CRED valued at $4 billion following $251 million fundraise
https://techcrunch.com/2021/10/18/indian-fintech-cred-valued-at-4-billion-following-251-million-fundraise/
Indian fintech CRED said on Tuesday it has raised $251 million in a new financing round, its third funding this year, at a valuation of $4.01 billion.
Existing investors Tiger Global and Falcon Edge Capital co-led the three year-old Bangalore-based startup’s Series E financing round. Marshall Wace and Steadfast also participated — and so did existing investors DST Global, Insight Partners, Coatue, Sofina, RTP, and Dragoneer. The startup was valued at valued at $2.2 billion in an April round this year and $806 million in a round it disclosed in January.