Tag: Cred

Cred raises $215 million as valuation rises to $2.2 billion

Fintech startup Cred has raised $215 million in Falcon Edge led Series D financing round. Existing investor – Coatue Management also participated in the fresh funding round. Founded by Kunal Shah in 2018, the Bengaluru-based startup has entered India’s unicorn league with valuation of $2.2 billion. The round also saw participation from existing investors RTP…

Cred founder Kunal Shah backs Carl Pei’s new startup

Kunal Shah, Cred founder has invested an undisclosed amount in Carl Pei’s new venture. Pei left OnePlus back in October 2020 to work on starting his own venture.  Kunal Shah said, “Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited…

Cred raises $81 mn in Series C round led by DST Global

Cred has raised $81 million in Series C funding round led by DST Global. Post funding, the startup is valued at $806 million (about Rs 5,883 crore). Sequoia Capital, Ribbit Capital, Tiger Global, and General Catalyst also participated in the funding round, a statement said. In addition, Sofina, Coatue and Satyan Gajwani of Times Internet…

CRED secures $80 million in Series C funding, valuation doubles to $800 million

Bangalore-based startup, CRED has raised $80 million in Series C funding from existing investors.  DST Global led the round, with participation from other existing investors Ribbit Capital, Sequoia Capital and Tiger Global.  The startup is founded by Freecharge founder Kunal Shah and is now valued at $800 million which is almost double of its valuation…

KarbonCard raises $2mn through funding round

Corporate card startup KarbonCard recently announced that it has raised $2mn through seed round of funding. The funding was made by a clutch of angel investors across India and China. Fintech startup Cred’s founder Kunal Shah, Amrish Rau (CEO of Pine Labs) and Jitendra Gupta (Founder of Amica Financial Technologies) are among the investors who…