In a surprise move that’s creating buzz in India’s fintech circles, BharatPe has recorded its first secondary share sale since 2021. A group of Gujarat-based family offices has snapped up a 2.6% stake in the company, valuing the transaction at around Rs 179 crore.
This deal marks a rare liquidity event for the New Delhi-headquartered fintech, which has been busy restructuring after messy…
CRED’s Shocking Move: Raising $200 Million with a Massive Cut in Valuation—Here’s Why It’s Happening
CRED Is Looking to Raise $200 Million—But There’s a Big Twist
In a surprising turn of events, CRED, the Kunal Shah-led fintech unicorn, is looking to raise up to $200 million. But here’s the kicker: this new funding round will come with a significant drop in valuation.
You read that right. CRED, which was once valued at an eye-popping $6.4 billion during its Series F funding round in 2022…
