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Sofina

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.

Finova Capital raises $135 million in Series E

Finova Capital raises $135 million in Series E

05 Nov 2024, 02:49 AM

Existing investors Norwest Venture Partners, Peak XV Partners, Faering Capital, and Maj Invest also doubled down in the round.

Who Reads Us

Fintech Highlights

  1. CoinDCX accounts among those misused by fraudsters, says ED

  2. FinReach raises fresh funding led by Colossa Ventures

  3. Zerodha FY25 revenue drops 11.5% to Rs 8,847 crore

  4. Wealthy secures Series B funding led by Bertelsmann

  5. Groww Q2 revenue falls 9.5% to Rs 1,018 crore, net profit rises

  6. Read more news...

AI/Emerging Tech

  1. Grok, ChatGPT, Gemini, Claude: Who would moderate their all-AI panel?

  2. Luma AI raises Series C funding led by Humain

  3. Adobe to buy Semrush for $1.9 billion

  4. Lambda raises $1.5 billion in Series E funding led by TWG Global

  5. Google launches its "most intelligent model" Gemini 3

  6. Read more news...

IPO Tales

  1. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  2. The Bull Run Broker: Inside Groww's $7 billion IPO

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

  4. In Charts: MobiKwik plans Rs 572 crore IPO. Why its financial services play deserves attention

  5. Read more news...

Money & Machines

  1. Two crises, one theme — how tech is testing fintech and journalism

  2. Bankers Test the Market; OpenAI Tests the Law + Funding Exclusive

  3. India's Banking Redux; In AI's world, you're the lunch that's free

  4. India's subtle dance with stablecoins; Reinventing 'swadesi' in AI age

  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar

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