Indian startup Cred hits $2.2bn valuation

Cred, a fast-growing Indian startup that allows users to pay their credit card bills and gives rewards in return, has hit a $2.2 billion valuation off the back of a $215 million Series D funding round led by Falcon Edge Capital. Coatue Management LLP, Cred said in an emailed statement Tuesday. DST Global, Tiger Global and Greenoaks Capital joined the round which comes just four months after Cred closed an $81 million Series C at a $806 million valuation.
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