Kunal Shah

Cred raises $72 million led by GIC in a downround

Cred raises $72 million led by GIC in a downround

11 Jun 2025, 14:22 PM

The investment was made at a valuation of $3.5 billion, much lower than the valuation of $6.4 billion when they last raised capital in 2022.

Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 23:03 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

Cred enters insurance via Garage platform

Cred enters insurance via Garage platform

05 Nov 2024, 14:45 PM

The fintech is reportedly working with three insurance companies to co-create an insurance product.

Fintech Highlights

  1. Zype bags Rs 90 crore in Series B funding

  2. Paytm employees see single-digit remuneration hike; headcount falls 10%

  3. IRCTC gets RBI nod to operate as payment aggregator

  4. Fibe raises Rs 225 crore via NCDs

  5. Clear cuts software engineers and IIT freshers in major restructuring
  6. Read more news...

AI/Emerging Tech

  1. Amazon hosts OpenAI models on AWS for first time

  2. Perplexity acquires Invisible to help scale Comet

  3. OpenAI introduces two open-weight AI reasoning models

  4. ChatGPT set to hit 700 million weekly active users

  5. Mistral in talks to raise $1 billion
  6. Read more news...

Editor's Pick

  1. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality

  2. Complaint filed with SEBI against hBits over disclosure concerns amid family feud

  3. RBI vs Government: The battle over India’s digital payments ecosystem explained