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CRED VALUATION DROP
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...- Hindalco, NALCO downgraded to ‘reduce’ by InCred Equities. Here are 3 reasons whyHindalco and National Aluminium Company shares fell Tuesday. A brokerage firm downgraded both companies. They cited weak growth prospects f...
- Cred announces a co-branded credit card with IndusInd Bank & RuPayThe GIC-backed platform also announced a portfolio of fixed deposits (starting with five banks and two NBFCs) and gold investments with phy...
- InCred bets on Camlin, midcap banks; Exits Adani Ports, Cipla amid tepid earnings outlookInCred Equities has turned selective on Indian equities, adding Camlin Fine Sciences and mid-sized banks to its high-conviction list while ...
- InCred Money set to acquire discount broker Stocko, marking entry into retail brokingInCred Money is poised to acquire Stocko for approximately Rs 300 crore, marking its entry into the retail broking sector. This acquisition...
- Cred’s down round; Blinkit’s food safety woesHappy Tuesday! Cred has raised fresh funding at a steep cut in valuation. This and more in today’s ETtech Morning Dispatch.
- 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.
- While markets bleed, InCred finds these 2 stocks worth buying in AprilThe reshuffle comes amid a sharp selloff in Indian equities on Monday, driven by fears of a global trade war and a potential recession in t...
- Where is Nifty 50 headed by March 2026? InCred Equities flags further downsideNifty 50 has dropped 14% from its peak due to weak earnings, foreign outflows, and global trade concerns. InCred Equities lowered its targe...
- End of BharatPe vs Ashneer Grover saga; Cred’s FY24 reportFintech major BharatPe has settled legal disputes with cofounder Ashneer Grover. Details on this and more in today’s ETtech Top 5.
- ETtech Deals Digest: Startup funding rises 97% YoY to $242 million this weekStartups mostly at the late and early stages, raised funds through 18 rounds, compared to 43 in the same period last year, when they raised...
- Tata-Wistron deal complete; InCred to join unicorn club with new fundingIndia’s salt-to-software conglomerate Tata Group will now make iPhones after it completed its acquisition of Wistron on Wednesday. This and...
- What is really happening with digital credit in India, and other top stories this weekThe aftermath of Covid-19 and the subsequent moratorium on loan repayments burnt a massive hole in the loan books of lenders. While the lar...
- Gig workers left in the lurch; Cred plans social commerce forayIndia’s gig workers have been on the frontlines during the pandemic, delivering food and other essentials even during lockdowns and curfews.
- Cred to acquire Happay; Indian SaaS & IT come togetherCred is all set to make its second acquisition since its inception. The Kunal Shah-led startup has agreed to acquire Happay, a corporate ex...
- F&O rollover hints at a weak NovemberTraders rolled over fewer positions to the November derivatives series on Thursday on account of heightened uncertainty over the near-term ...
- RBI won't drop card storage clause, Cred's lending push, Cars24's new fundraiseThe Reserve Bank of India's new norms will prohibit merchants from storing card details and payment operators from offering one-click check...
- 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...
- India's COVID-19 tally inches towards 9.5 million — new cases dropped below 35,000 for the third time in November
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