GIC, Singapore’s sovereign wealth fund, is leading the startup’s Series F financing round, which includes secondary transactions, Existing backers Tiger Global, Sofina Ventures, Alpha Wave Ventures and Dragoneer also participated in the funding, which values CRED at USD 6.4 billion, up from USD 2.2 billion in April 2022.
The investment comes at a time when CRED is finalizing the acquisition of Smallcase, an Amazon-backed startup. The acquisition of Smallcase, which operates a platform to help a new generation of investors participate in the Indian equity markets, should allow CRED to upgrade its offerings to customers.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now