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CRED FUNDRAISING
Sarvam raises $234 million led by HCLTech at $1.5 billion valuationIndia's Sarvam AI has secured $234 million in a funding round led by HCLTech, valuing the homegrown AI startup at $1.5 billion. This invest...
Scoop: Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startupsThree former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fu...
Kabeer Biswas’s concierge startup 'M' raises Rs 102 crore from Peak XV, Blume, CredKabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV P...
Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
Rising yields attract HNIs to bonds: Inside the new debt allocation strategyEven as this volatility spills over into equity markets, high net worth individuals (HNIs) and ultra HNIs (UHNIs) are not pulling back shar...
InCred Holdings files draft prospectus with Sebi through confidential routeInCred Holdings, parent of InCred Financial Services, has confidentially filed for an IPO with Sebi, aiming to raise Rs 4,000–5,000 crore. ...
'Too young for IPO', CRED to target premium segment growth, says CEO Kunal ShahFintech platform CRED is postponing its IPO, deeming itself "too young" and prioritizing building a robust financial ecosystem. CEO Kunal S...
Cred raises fresh funds from GIC, others; valuation cut by 45% to $3.5 billionThe fintech major was valued at $6.4 billion in 2022 during its last major fund infusion. The current fund infusion is in the form of prima...
KKR-backed InCred is said to be in talks with advisers on Rs 4,000 crore IPOInCred Financial Services, an Indian lending firm, is preparing for an initial public offering. The company aims to raise approximately 40 ...
Oyo parent raises Rs 1,457 crore in latest funding roundOravel Stays Ltd, the parent company of OYO, secured Rs 1,457 crore from several investors, including InCred Wealth, J&A Partners, and ASK ...
For Cred, revenue growth and curbing losses will be the focus: Kunal ShahThe Bengaluru-based fintech platform has in the past been criticised for not showing active revenue streams and mounting losses.
Fintech platform CredAble raises $9 million in funding led by Axis BankThe company had picked up $30 million as part of its Series B fundraising in October last year, co-led by Plutus Management LLP and Oaks As...
As fintech Cred diversifies, it is betting on video commerce and group buyingFounded in 2018 as a credit card payment platform that rewards its users for every transaction, Cred has been expanding its offerings in th...
Cred to acquire Happay to expand its suite of fintech offeringsHappay, a corporate expense management platform, will continue to operate independently but work closely with Cred’s leadership to leverage...
Cred founder Kunal Shah’s firm acquires Parfait for wider fintech playShah, through Newtap Technologies, has acquired NBFC Parfait Finance & Investment for a wider fintech play for Cred with lending. The Reser...
ETtech Deals Digest: PharmEasy, Cred raise funds this weekOnline pharmacy PharmEasy and credit card repayment platform Cred were among the startups that raised funds this week with a significant bu...
Cred valuation nearly doubles after $250-million fundingCred’s funding round, which was co-led by Tiger Global and Falcon Edge, saw two new investors Marshall Wace and Steadfast Venture Capital j...
Cred raises $81 million, announces Esop buyback worth $1.2 millionThe company said that 10% of its cap table has been allocated for ESOPs and it is looking at every opportunity to create wealth for employe...
InCred kicks off talks to merge with KKR’s NBFCThe two companies have entered into exclusive discussions for the next six-eight weeks, said sources briefed on the matter, as they look to...
Fidelity to lead Rs 96 crore funding in CredRThe private equity arm of Fidelity is in advanced talks to lead a Rs 96 crore fundraising round in Mumbai-based CredR.