CRED is in talks to raise fresh funds worth $200Mn just a few months after closing its Series C round
The fintech startup is seeking a $2Bn valuations tag for its fresh funding, which is a 2X surge compared to its existing valuation
CRED’s valuation has been growing steadily over multiple rounds, despite having negligible revenue over the same time period
Just a couple of months after it had raised $81 Mn in its Series C round, Bengaluru-based fintech startup CRED is said to be in talks with existing investors to raise fresh funding at a post-money valuation of $2Bn
According to a TechCrunch report which cited unnamed sources, the $200 Mn transaction is expected to close within a month. The new funding talks come just a few months after the startup had raised $81 Mn in its Series C round from Ribbit Capital, Sequoia Capital and Tiger Global. That round also saw participation from undisclosed partners from DST Global. These investors are expected to participate in the new round as…