Fintech startup CRED is in the midst of raising $200 million from a clutch of investors as part of its Series D round, which will likely value to the credit card rewards marketplace at $2 billion, according to reports by Tech Crunch and Times of India. The two-year old startup will be the second fastest Indian company to become a unicorn, in 29 months, after B2B e-c0mmerce platform Udaan. In January this year, CRED raised 81 million as part of its Series C round at a valuation of $800 million. According to the reports, existing investors like DST Global, Sequoia Capital India, Tiger Global, Ribbit Capital, General Catalyst and a new investor, will participate in the Series D round. Founded by serial payments entrepreneur Kunal Shah two years ago, CRED began as an exclusive credit card repayment service through which…
