CRED is raising its third round this year

Bengaluru-based fintech startup CRED announced it had raised a $81 million Series C funding round at a valuation of around $800 million in January. In April, it announced a $215 million Series D round at a valuation of $2.2 billion. (We had reported the round a month earlier, in March, and that CRED’s valuation would be more than doubling.)

Now, the company is raising yet another funding round, according to three people aware of the matter, who asked not to be named; it may get between $200 million and $250 million in fresh capital, according to one of the people. …