April 20, 2021

cred funding: CRED will get $81 million funding from DST Companions, others at $800 million valuation – The Financial Occasions Video

Cred on Monday mentioned it has raised USD 81 million (about Rs 591.2 crore) in funding, valuing the fintech agency at a post-money valuation of USD 806 million (about Rs 5,883 crore). Current investor, DST International led the sequence C spherical together with Sequoia Capital, Ribbit Capital, Tiger International, and Common Catalyst, a press release mentioned. The corporate has raised USD a complete of USD 228 million in 4 rounds until date. This contains USD 1 million in seed capital by founder Kunal Shah (QED Improvements), USD 25 million in sequence A and USD 120 million in sequence B spherical.