GIC spearheaded the round with a total investment of INR 354.4 Cr while RTP Capital and Sofina poured INR 74.9 Cr and INR 25.9 Cr, respectively
The fintech major raised the capital at a valuation of 3.5 Bn, down nearly 45% from $6.4 Bn at which it was last pegged in 2022
CRED is said to have taken the hefty valuation cut as it is exploring a potential initial public offering (IPO) in the next two years
Kunal Shah-led fintech unicorn Cred has raised INR 617 Cr (about $72…

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