Private Equity Fund Investments
Fintech co Cred  raises $251-M led by Tiger Global, Falcon Edge, others  at over $4-B valuation
Bengaluru-based Cred, the fintech Unicorn founded by Kunal Shah, has raised USD 251 million in a Series E round led by Tiger Global Management and Falcon Edge Capital at a valuation of USD 4.01 billion. The fundraise nearly doubled valuation from USD 2.2 billion in April, when it raised USD 215 million. New investors in the Series E included London-based Marshall Wace and Steadfast Venture Capital, while existing investors, including DST Global, Insight Partners, Coatue and Sofina, also participated. The company plans to use the funds to grow its existing range of products and expand financial services offerings for customers.
From the Venture Intelligence PE-VC Deal Database: Between Sep-18 and Apr-21, Cred raised over $442-M from Coatue Management, Sofina, Greenoaks Capital, Falcon Edge Capital, DST Global, Dragoneer Investment Group, RTP Global, Insight Venture Partners, Tiger Global, Ribbit Capital, General Catalyst Partners, Sequoia Capital India, Hillhouse Capital, Rainmatter Capital, Morningside Ventures, Ganesh Ventures, Whiteboard Capital, VH Capital, Valiant Capital and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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