India’s CRED Valued at $2.2 Billion in New $215 Million Fundraise

TechCrunch

“Two-year-old CRED has become the youngest Indian startup to be valued at $2 billion or higher. Bangalore-based CRED said on Tuesday it has raised $215 million in a new funding round — a Series D — that valued the Indian startup at $2.2 billion (post-money), up from about $800 million valuation in the $81 million Series C round in January this year …CRED operates an app that rewards customers for paying their credit card bills on time and gives them access to a range of additional services such as credit and a premium catalog of products from high-end brands.”