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Tiger Global May Back Cred’s $100 Mn Funding Round: Report

by techcircle.in posted 1month ago 12 views
As part of its ongoing discussions to raise $100 million (Rs 697 crore at current exchange rate), Kunal Shah’s fintech company Cred is in advanced talks with Tiger Global Management to invest up to $20 million (Rs 139 crore at current exchange rate) in the firm, said The Economic Times. The New York investment firm has made fintech bets in the past, including neo-banking startup Open and online stock brokerage company Upstox. Persons in the know told The Economic Times that the current round will value Credit at $400 million (Rs 2,790 crore at current exchange rate).

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