India’s CRED in talks to raise $200 million at $2 billion valuation

India’s CRED in talks to raise $200 million at $2 billion valuation

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/15/india-cred-in-talks-to-raise-200-million-at-2-billion-valuation/

Bangalore’s fintech startup ecosystem is inching closer to delivering a new unicorn: CRED.

Two-year-old CRED is in advanced stages of talks to raise about $200 million at about $2 billion valuation, three sources familiar with the matter told TechCrunch. The new funding round, like this January’s Series C, will be largely financed by existing investors, the sources said, requesting anonymity as talks are private. The round is expected to close within a month, one of them said.