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Khaitan acts on $22.5m Series A for Cred, new scheme by Freecharge-founder

Dreamplug Technologies and Kunal Shah, who operate credit card reward scheme Cred, received a primary investment via Series A funding by SCI Investments V (Sequoia), Ribbit Capital Mauritius IV, Gemini Investments L.P., Ru-Net Investments Limited, Anxa Holding Pte Ltd and M Vision Limited for $22.5m, as reported by PTI.

Khaitan & Co advised Dreamplug Technologies Private Limited, operating as Cred, led by a team of partner Vineet Shingal, senior associate Shreya Dua, associate Rohan Shrivastava, associate Aman Dwivedi, associate Pallavi Panigrahi and associate Vasundhra Minocha.

Update 13 December 2018: Link Legal India Law Services advised Ru-Net Investments Limited led by a team of partner Manish Gupta and associate Ashish Ahluwalia.

Deal value: $22.5 million


This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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