India: CRED joins unicorn club with $215m funding at $2.2b valuation

India: CRED joins unicorn club with $215m funding at $2.2b valuation

CRED founder Kunal Shah. Photo: Hemant Mishra/Mint

Serial entrepreneur Kunal Shah’s fintech startup,CRED, on Tuesday said it has closed $215 million as part of its Series D funding round, at a post-money valuation of $2.2 billion, making it the latest entrant to India’s unicorn league.