Indian fintech Cred  raises $251m in Series E round at a valuation of $4b

Indian fintech Cred  raises $251m in Series E round at a valuation of $4b

CRED founder Kunal Shah. Photo: Hemant Mishra/Mint

Cred, the fintech app founded by entrepreneur Kunal Shah, raised $251 million in a Series E round co-led by Tiger Global Management and Falcon Edge Capital at a valuation of $4.01 billion, two people aware of the development said.

The fundraise nearly doubled the Bengaluru-based startup’s valuation from $2.2 billion in April when it raised $215 million.

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