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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 Hightlights

  1. IPO-bound Groww records Rs 1,820 crore net profit; raises fresh capital

  2. Crypto neobank startup PlutoPe bags pre-seed funding

  3. IPO-bound Pine Labs CFO quits

  4. Cred raises $72 million led by GIC in a downround

  5. Pine Labs set to file DRHP for IPO by June-end

  6. Read more highlights...

AI/Emerging Tech

  1. India’s domestic AI market to more than triple to $17 billion by 2027: BCG

  2. Read more highlights...

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  2. Exclusive: Paytm’s payment aggregator unit fires all senior executives

  3. UPI’s Zero-MDR (Illusion) Model is Cracking – Who’s Really Paying the Price?

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