The deal would value the Kunal Shah-founded startup at around $4 billion, down from the $6.4 billion valuation it commanded three years ago, these people added.
The financing is likely to be led by Singapore sovereign fund rel=”dofollow” href=”https://economictimes.indiatimes.com/general-insurance-corporation-of-india/stocks/companyid-12266.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>GIC, which had led the previous infusion in 2022. Other major shareholders in Cred —such as Peak XV Partners, Tiger Global, Ribbit Capital and QED Innovation Labs —are also likely to…

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