Cred joins unicorn club with $215 million fund raise

Valuation touches $2.2 bn; startup initiates ESOP buyback worth $5 million

Fintech startup Cred is the latest homegrown company to enter the unicorn club with a $215 million Series D funding which was led by new investor Falcon Edge Capital and existing investor Coatue Management. While Insight Partners joined the company cap table, existing investors DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina also participated in the round.  

With this raise, Cred’s post-money valuation touched $2.2 billion. Cred will also offer its team another ESOP buyback opportunity, with a cumulative value of $5 million. The Bengaluru-based startup has so far raised over $440 million.

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