CredAvenue raises $90 mn to scale up building infra to power debt markets

The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million

Fintech firm CredAvenue has closed ts first funding round of $90 million led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock. The equity funding values the company at approximately $410 million. Avendus Capital was the exclusive financial advisor to CredAvenue on the transaction.

CredAvenue is building infrastructure to power debt markets and offers solutions for discovery and execution across a wide range of products. To date, it has facilitated transactions worth about $9 billion through the platform, while engaging with over 1,500 institutional borrowers and 750 investors, touching 1 million end retail borrowers.

The funds raised in