News | Cred Eyes $100–$200 Million in Fresh Funding Amid Valuation Dip to $4 Billion

Cred Eyes $100–$200 Million in Fresh Funding Amid Valuation Dip to $4 Billion

News

21 April 2025

1 min read

UBS Forums

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Fintech unicorn Cred is reportedly in advanced talks to raise a fresh round of capital, even as its valuation sees a sharp correction of over 30%—from $6.4 billion in 2022 to an estimated $4 billion. The funding round, pegged between $100 million and $200 million, is expected to be led by GIC, Singapore’s sovereign wealth fund, with participation from existing investors such as Peak XV Partners, Tiger Global, Ribbit Capital, and QED Innovation Labs.

Founded by Kunal Shah, Cred has built a niche in India’s financial ecosystem by rewarding creditworthy users and expanding into credit products, commerce, and bill payments. Despite the markdown, the move to raise funds reflects continued investor interest in the platform’s long-term vision and monetization roadmap.

The valuation adjustment aligns with a broader recalibration in the startup ecosystem, where profitability and sustainable growth have become key investor priorities. Cred, which last raised $140 million in mid-2022, is expected to use the fresh capital to further develop its product stack, improve customer experience, and potentially pursue new acquisitions.

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