India, April 14 -- 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 per Economic Times.

The Bengaluru-based startup is in talks with existing investors, including Singapore sovereign fund GIC, Peak XV Partners, Tiger Global, Ribbit Capital and QED Innovation Labs to raise fresh capital.

It is important to note that 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.

Inc42 has asked for a comment from the company on why it is taking a valuation haircut of almost $2.5 Bn in the new round. The story will be updated base...