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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The down round will help stabilise the Kunal Shah-helmed fintech’s runway as it tackles headwinds in unsecured lending.
CRED is close to announcing a deal to raise $75 million from existing investors, reports Entrackr. The report says that deal terms have been finalised, and the fundraising round is being led by the Singaporean sovereign wealth fund GIC.
The round values the Kunal Shah-helmed fintech at $3.5 billion, according to the report, down from the $6.4 billion valuation that was achieved in 2022. Shah himself is investing $20 million in the company in this round, the report added. A spokesperson for CRED declined to comment on the report.
This fundraise comes at a time when CRED has been …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
The space tech startup’s next bet is to build a business where it can sell more than just hyperspectral imaging. The sky is the limit but the money is finite.
