Fintech firm Cred has raised $120 million (Rs 862 crore) in a new funding round, founder Kunal Shah tweeted... according to filings with the Ministry of Corporate Affairs, Cred has raised Rs 730.02 crore from a clutch of investors in its Series B funding round. Ribbit Capital, a fintech-focused global fund, and Gemini Investments, an investment vehicle of Yuri Milner’s DST Global, put in Rs 144.62 crore each, the highest amount among the investors. Sequoia Capital, through its fifth investment vehicle, invested Rs 117 crore. The venture capital firm had also put in $4 million into the company recently. Russian venture capital firm RTP Global and US-based investment firm Tiger Global brought in Rs 103.3 crore each.
— VCCircle
Themis Associates represented
IndusLaw advised
Khaitan & Co acted for Gemini Investments LP, owned by
Themis Associates also acted for
Gunderson Dettmer represented Internet Fund V Pte Ltd owned by
Goodwin Procter represented
Update 5 October 2019: AZB & Partners advised
2019-08-01
Deal value: Publicly disclosed as USD 120 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.