CRED raised $251 million at valuation of $4 billion


CRED raised $251 million in Series E at a valuation of $4.01 billion led by existing investors Tiger Global & Falcon Edge Capital, where Marshall Wace, Steadfast, DST Global, Insight Partners, Coatue, Sofina, RTP & Dragoneer also participated, It was valued $2.2 billion in an April this year


CRED helps and rewards people improve their credit score by encouraging them to pay their credit card bills on time, it has amassed over 7.5 million members, it also offers its members access to a range of premium brands. The startup, unlike most others in India, doesn’t focus on the usual TAM of India hundreds of millions of users, instead caters to some of the most premium audiences.

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