Monday, 14 April, 2025

Cred Seeks Up to $200M in Funding Amid 30% Valuation Drop to $4 Billion

Indian fintech startup Cred is in discussions to raise $100–200 million in new funding at a reduced valuation of approximately $4 billion, down over 30% from its $6.4 billion valuation in 2022. The funding round is expected to be led by existing investors, including Singapore's GIC, with participation from Peak XV Partners, Tiger Global, Ribbit Capital, and QED Innovation Labs. Cred is focusing on profitability and may consider an IPO within two years, aiming for several profitable quarters.