Kunal Shah

Ribbit Capital, Apoletto Asia, Hillhouse and Tiger Global are said to investing in this round

Last week, Cred raised $4 Mn from Sequoia Capital

Cred is Kunal Shah’s second venture after he sold Freecharge in 2015

Bridge Series B funds will be used for growth, expansion and marketing

Cred had raised $30 Mn in seed funding round

Sequoia will now have 12.68% stake in Cred

General Catalyst is likely to invest a small amount in Cred

Hillhouse Capital is also expected to invest in the round

Cred maybe valued at $400 Mn after this round

Cred is reportedly looking to increase its valuation to $400 Mn

Hillhouse will likely pick up a small stake

Kunal Shah’s Cred enables credit card bill payments

Most newsmakers either quit their first venture and started out afresh or expanded their cross-border presence

Binny Bansal and Sachin Bansal made news for their dramatic exits from Flipkart; both are launching new ventures now

The extortion puzzle involving Paytm’s Vijay Shekhar Sharma is yet to be solved

Many entrepreneurs made sizzling re-entries with new startups in 2018

Kunal Shah’s CRED has created a big buzz in the fintech startup ecosystem

More than 3,000 startups were launched in 2018

After three years of lying low, Kunal Shah announced launch of a new venture Cred on social media

Cred is “a platform to celebrate and reward the most creditworthy people of India”

At present, the Cred team is working hard to launch a beta version in a few weeks

15 Startup Funding Took Place In The Indian Startup Ecosystem This Week [28 May- 2 June 2018]

Speculation Suggests Kunal Shah's New Venture Will Be An Incubator In The Consumer Space

Earlier, Kunal Shah Had Tweeted That He Is Working Towards A New Startup

The Delta 4 Theorist Is Looking Forward To New Ideas In Healthcare And Edtech

Spinny Is An Online Used Car Marketplace Based In Gurugram