CREDAvenue logo

Photo: Tech Story

CRED Avenue Raises USD 137 Million Investment

CRED's marketplace value goes high with USD 137 million. Led by a New York-based venture and a private equity firm Insight partners with their own value of USD 1.3 million. More to join the round were new investors B Capital Group and Dragonbeer with the existing ones present Sequoia Capital, TVS Capital and Lightrock. CREDAvenue recently acquired Spocto, a digital firm. 

Thu, 10 Mar 2022 - 09:06 AM / by Rupsa Debnath

Tags: CRED, Avenue Supermarts, Company, investors, retail investors

Courtesy: Mint

CRED logo

Photo: Exchange4Media

CRED Generates Rs 95 Crores Revenue, Loss Widens To 523 Cr For FY21

CRED, a credit card and money lending platform losses were increased up to 45% with a year-on-year Rs 524 crores by the end of March 2021. Earlier, the company raised almost USD 450 million in 2021. However, the revenue took a leap from Rs 18.16 crores in FY20, to Rs 95.53 crores in FY21 with a low base effect. Kunal Shah, the founder of CRED started in the year 2018.

Sat, 05 Mar 2022 - 09:00 PM / by Rupsa Debnath

Tags: CRED, Credit Card, revenue, Company, Kunal Shah

Courtesy: Money Control

Minko Startup

Photo: Free Press Journal

Minko Fintech Startup Raises $1.5 Million Via Seed Funding

Minko, a fintech startup, raised $1.5 million through seed funding from investors like CRED, Mumbai Angels and others. Founded by Sanket Shendure and Sanmati Shendure in 2021, the company in just six months expanded its product services and launched Minko QR, Minko Invoices and Minko Gold. Notably, the company, currently in Goa, Bihar and Mumbai, is aiming to expand in other cities, boarding 10,000 retailers.

Fri, 28 Jan 2022 - 09:15 PM / by Varsha Joshi

Tags: Minko, CRED, Startup India, Seed Funding Round, investors

Courtesy: Live Mint

CRED logo, Kunal Shah and HIPBAR logo

Photo: Next Big Brand

Cred Purchases HIPBAR, Liquor Delivery And Purchase App

HIPBAR, an alcohol purchase and delivery business located in Chennai, has been purchased by Cred. The action is in response to the fintech unicorn's intentions to enter the wallet payments sector by acquiring HipBar's prepaid payment-instrument (PPI) license. Cred intends to use HipBar's PPI to create a layer of payment wallets for its platform. PPI license permits businesses to run payment systems like digital wallets and pre-paid vouchers, … read-more

Fri, 22 Oct 2021 - 12:57 PM / by Vidhi Jhunjhunwala

Tags: CRED, Liquor, Delivery, application, HIPBAR

Courtesy: The Times Of India