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Cred valuation nearly doubles after $250-million funding Mumbai: Fintech startup Cred has raised $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of $4.01 billion, the company said in a statement to ET. The round nearly doubles the Bengaluru-based startup’s valuation from $2.2 billion in ....
We ll soon meet in your inbox. Please wait. Existing investors Coatue, DST Global, Ribbit Capital, Tiger Global and Sequoia Capital are also expected to take part in this deal. TechCrunch was the first to report the funding news. The latest round will more than double the company’s valuation in less than four months amid increased demand among investors for a piece of India’s growth-stage fintech startups. An email sent to Falcon Edge didn’t elicit a response while Cred didn’t comment on ET’s query. The startup, founded in late 2018, had raised its Series A round in August 2019 at a valuation of $450 million. Its seed round of $30 million was one of the largest seen in India’s startup ecosystem. ....