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CRED FUNDING ROUND
Oyo parent gets Sebi nod for Rs 6,650-cr public offerOyo, the hospitality brand, has secured approval from the Securities and Exchange Board of India for its initial public offering. The compa...- 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...
- New-age B-school report highlights strong startup placements and early offersMesa School of Business, a startup-focused, AI-first institution backed by Elevation Capital, has released independently audited placement ...
- IT reworks hiring for Gen Z; HCLTech CEO on AIHappy Thursday! India’s IT sector is seeing a sharp rise in replacement hiring as Gen Z professionals switch jobs faster. This and more in ...
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- 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...
- Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
- Proptech startup Helium raise Rs 5 crore from Kunal Shah, Albinder Dhindsa, othersThe startup will use the fresh funds for product development and marketing. The tech-led real estate rental management startup leases homes...
- Layoffs hit tech, GCCs; Startups rewrite summer rulesHappy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and...
- 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.
- Cred FY25 revenue rises 16% to Rs 2,735 crore, losses narrowOperating losses narrowed 51% on-year to Rs 298 crore, while total losses declined 11.5% to Rs 1,457 crore during the year, the Bengaluru-b...
- NBFC CredRight raises $10 million in round led by Abler NordicThis is the first investment from the recently closed fifth fund of Abler Nordic (formerly Nordic Microfinance Initiative). Existing invest...
- 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...
- Scoop: Cred in talks to raise new funds as valuation slips by over 30% to $4 billionFintech startup Cred is in talks to raise $100–200 million at a reduced valuation of around $4 billion, down from $6.4 billion in 2022. Bac...
- CredFlow secures $3.7 million in funding from Inflexor Ventures, othersCredFlow will use the capital to scale up its financial services and lending verticals, and to improve its technology and innovation capabi...
- InCred enters unicorn club with $60 million funding roundIn 2022, InCred Finance and KKR India Financial Services merged to create a joint entity under the brand name InCred Finance.
- Cred to invest $10 million in P2P lending platform LiquiLoansCred will pick up a minority stake -- roughly 5-6% -- in the company, valuing it at roughly $200 million.
- CredAvenue picks up majority stake in SaaS firm Corpository at Rs 100 crore valuationWith this acquisition, all lenders on CredAvenue’s platform will be able to evaluate and make lending decisions on the platform itself, thu...
- Falcon Edge, others in talks to back Cred at $2 billion valuationThe Bengaluru-based fintech firm is in talks to mop up around $200 million in a round which will see participation from new investors like ...
- Cred closes $120m round as valuation jumps to $450mFreecharge founder Kunal Shah, who launched Cred as his second venture, has positioned the company as a platform for all forms of credit ca...
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