India Dealbook: Intelligence Node, PaisaDukan, UrbanClap, boAt, Cred raise funds

Photo: Reuters

Retail analytics company Intelligence Node, peer-to-peer lending marketplace PaisaDukan, home services platform UrbanClap, consumer electronics startup boAt, and fintech firm Cred are among the latest startups to have secured funding.

Cred bags funding from Sequoia

Cred, which incentivises credit card payments with reward points, has raised $4 million from Sequoia Capital India. Sequoia subscribed to 20,179 Series B CCCPS shares of Cred at a price of Rs 13,653.31 each. The startup is also reportedly in talks with Chinese investment conglomerate Hillhouse Capital, and existing investors including Sequoia Capital, Ribbit Capital and Yuri Milner’s Apoletto Asia for a $120-million funding round.

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