CosmicTaco

CRED Eyes $200M Raise Amid Valuation Cut

CosmicTaco · 2025-04-14T12:05:02.084580+05:30

- CRED is looking to raise $100-200 Mn in a new funding round valuing it at $4 Bn, down from $6.4 Bn in 2022. - The fintech startup, led by Kunal Shah, plans to float an IPO within the next two years. - CRED's operating revenue grew 71% to INR 2,397 Cr in FY24, though net loss increased by 22% to INR 1,644 Cr. - CRED has diversified into UPI payments, utilities billing, vehicle management, and travel experiences, positioning itself as a super app. - Competitors like Groww, PhonePe, and BharatPe are also preparing for IPOs, joining the startup IPO frenzy. Source: [inc42](https://inc42.com/buzz/cred-looks-to-raise-100-200-mn-on-a-down-round-4-bn-valuation/)

CRED is looking to raise $100-200 Mn in a new funding round valuing it at $4 Bn, down from $6.4 Bn in 2022.
The fintech startup, led by Kunal Shah, plans to float an IPO within the next two years.
CRED's operating revenue grew 71% to INR 2,397 Cr in FY24, though net loss increased by 22% to INR 1,644 Cr.
CRED has diversified into UPI payments, utilities billing, vehicle management, and travel experiences, positioning itself as a super app.
Competitors like Groww, PhonePe, and BharatPe are also preparing for IPOs, joining the startup IPO frenzy.

Source: inc42