CRED Looks To Raise Up To $200 Mn With Steep Cut In Valuation

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SUMMARY

CRED last raised $140 Mn in its Series F funding round led by GIC in 2022; the round valued the company at $6.4 Bn

The Kunal Shah-led fintech startup is looking to float an IPO in the next two years

Amid the startup IPO frenzy, the likes of Groww, PhonePe and BharatPe are also looking to tap the public markets soon

Fintech unicorn Cred is looking to raise $100-200 Mn in a new funding round that would value the Kunal Shah-led startup at $4 Bn post-money, a considerable decrease from its $6.4 Bn valuation set in 2022, as…



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CRED Looks To Raise Up To $200 Mn With Steep Cut In Valuation


SUMMARY

CRED last raised $140 Mn in its Series F funding round led by GIC in 2022; the round valued the company at $6.4 Bn

The Kunal Shah-led fintech startup is looking to float an IPO in the next two years

Amid the startup IPO frenzy, the likes of Groww, PhonePe and BharatPe are also looking to tap the public markets soon

Fintech unicorn Cred is looking to raise $100-200 Mn in a new funding round that would value the Kunal Shah-led startup at $4 Bn post-money, a considerable decrease from its $6.4 Bn valuation set in 2022, as…



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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