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CRED Valued At $2.2 Billion After Raising $215 Million

Indian fintech company Cred has raised $215 million in Series D funding round led by Falcon Edge and Coatue Management, The Economic Times reported on Tuesday. The company is now valued at $2.2 billion, almost thrice the $800 million valuation it had in January. This makes the three-year-old company a unicorn as well as the youngest Indian startup to be valued at over $2 billion. Existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina also participated in this round, while Falcon Edge and Insight Partner were new entrants, the report stated. Cred has so far raised $443 million, with nearly $300 million coming in this year alone. It has been one of the most talked-about start-ups because of the pace at which it has raised money. The company will also initiate a buyback of employee stock…

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