India: CRED completes $1.2m worth ESOP buyback as part of $81m fundraise

India: CRED completes $1.2m worth ESOP buyback as part of $81m fundraise

Photo: Unsplash

Bengaluru-based credit card payment app CRED has raised $81 million in its Series C round at a post-money valuation of $806 million. In the process, the company has also bought shares worth $1.2 million (about ₹9 crore) from employees.

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