Kunal Shah’s startup Cred in talks to raise $100 mn, valuation may jump to $400mn
15 April 2019 9:08 AM GMT
Cred is a fintech startup founded by Kunal Shah, more popularly known for founding FreeCharge, which he then sold to Snapdeal. This startup, which is less than a year into its operations, is now seeking funds to the tune of $100 million.
- Cred is a fintech startup founded by Kunal Shah, more popularly known for founding FreeCharge, which he then sold to Snapdeal.
- Though there is no official confirmation from Shah or Cred, it is believed this round of investment in the startup will lift its current valuation of $75 million multiple times to $400 million.
- The rapid rise in valuations is a trend seen among Indian startups of late.
- Udaan and ShareChat are at least two such startups which recorded huge growth in their valuations within short periods.
Next Story
