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. BharatPe reports adjusted profit before tax of Rs 6 crore in FY25

  2. Infibeam transferring e-commerce biz to subsidiary Rediff

  3. Pine Labs appoints Avendus Capital's Sameer Kamath as CFO

  4. AU Small Finance Bank gets RBI's in-principle nod for universal bank licence

  5. Rainmatter invests in former Zerodha advisor floated company
  6. Read more news...

AI/Emerging Tech

  1. xAI legal lead Robert Keele steps down

  2. OpenAI launches 'smart', less hallucinating GPT-5

  3. Google launches personal learning companion tool in Gemini

  4. Ex-Tesla executives launch AI startup DensityAI

  5. Amazon hosts OpenAI models on AWS for first time
  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