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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.
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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Masdar looks forward to virtual ADSW Summit 2021
ABU DHABI, January 17, 2021 Masdar has said maintained a positive trajectory over the course of 2020. Despite the challenges posed by the Covid-19 pandemic, through the year Masdar expanded its global footprint, increased the generation capacity of its portfolio, and added new tenants for Masdar City. Masdar entered a number of key strategic markets through the year, with the company now being active in more than 30 countries across the globe. Having pledged at the beginning of 2019 to double its then 4-gigawatt energy portfolio within five years, Masdar will close 2020 with a total generation capacity of almost 11 GW.