Another Unicorn in the Club! CRED crosses $2.2 Billion valuation in Series D Round
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New Delhi, April 7 -- Fintech startup, CRED has turned into a unicorn following the closure of its Series D funding at $215 million. With the fundraising, the start has a post-money valuation of $2.2 billion. This time, the fintech startup has closed to tripled its valuation. The Series D round was led by a new investor and Falcon Edge Capital and Insight Partners. Further, existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, Coatue Management and Sofina also participated in the round.
Following this funding round, CRED will use this capital for ESOP buybacks with a cumulative value of $5 million. In the Series C funding round in January 2020, the startup had announced a similar programm...
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