India: Kunal Shah's Cred to raise funds in round valuing it at up to $500m

India: Kunal Shah's Cred to raise funds in round valuing it at up to $500m

CRED founder Kunal Shah. Photo: Hemant Mishra/Mint

Cred, the second venture of FreeCharge co-founder Kunal Shah, is close to finalizing a $125 million Series A round of fundraise, at a post-money valuation of between $450 and $500 million, said two people aware of the matter, requesting anonymity.