Fintech and e-commerce platform CRED becomes India’s latest Unicorn startup
It raised $215 Million from existing investors and Falcon Edge Capital
Existing investors are DST Global, RTP Global, Tiger Global, Greenoaks, Dragoneer Investment Group and Sofina
CRED hit a post-money valuation of $2.2 Million
It will offer its team another ESOP buyback opportunity, with a cumulative value of $5 Million
The startup had initiated a similar buyback in January 2021
CRED claims to have added over 5.9 Mn credit card users in the last two years
