The company appears poised to become the second-most valuable fintech startup in India after Paytm.
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. …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.
artisingh@mailtmc.com