Indian fintech CRED valued at $4 billion following $251 million fundraise

Indian fintech CRED valued at $4 billion following $251 million fundraise

3 years ago
Anonymous $BH0TGXkyPe

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.

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