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CRED FUNDING VALUATION
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...- 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...
- Can Rs 5 lakh lump sum and Rs 10,000 step up SIP create Rs 2 crore corpus in 20 years?Combining a Rs 5 lakh lump sum with a Rs 10,000 monthly step-up SIP can help achieve a Rs 2 crore retirement corpus in 20 years. Experts ad...
- Large-cap funds see 16% decline in inflows while mid- and small-cap funds gain traction. Are investors shifting towards riskier bets?Investor appetite shifted towards riskier mutual fund categories in April, with mid- and small-cap funds attracting record inflows and deli...
- Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
- 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.
- 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.
- 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...
- 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...
- Cred’s valuation cut; BluSmart ends rideHappy Monday! Fintech startup Cred is in talks to raise new funds at a reduced valuation. This and more in today’s ETtech Morning Dispatch.
- Mizuho is in talks to buy KKR’s part stake in fintech company InCredAccording to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may ...
- 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...
- 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...
- Zomato in the firing line; Cred’s valuation hits $4BThis morning, Zomato said it had fired a customer service employee who told a customer that he ought to know Hindi. Two hours later, the co...
- 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’s valuation soars to $2.2 billion after fresh fundingCred has raised $215 million in a Series D funding round co-led by new investor Falcon Edge and existing investor Coatue Management, CEO Ku...
- 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 raises $80 million in Series B funding as valuation almost doublesThis marks a significant bump up from the $450 million valuation at which Cred conducted its previous funding exercise of $120 million in A...
- Kunal Shah’s Cred in talks for $100 million from Hillhouse, othersTop funding deals in the works in startupland Sequoia and other existing investors likely to lead new round, valuing the firm at $400 milli...
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