Krafton leads Cashfree’s $53M funding at $700M valuation

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Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets.

Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C financing round alongside existing investor Apis Growth Fund, the two said Wednesday. The funding values the nine-year-old startup, which has raised nearly $100 million to date, at $700 million, according to a source familiar with…



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Krafton leads Cashfree’s $53M funding at $700M valuation


Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets.

Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C financing round alongside existing investor Apis Growth Fund, the two said Wednesday. The funding values the nine-year-old startup, which has raised nearly $100 million to date, at $700 million, according to a source familiar with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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