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HISTORICAL P100 / #54

CRED

Fintech · India

Historical ranking valuation$6.40BSource snapshot: Jun 19, 2026
Financing events9
Named participants32
Captables stories1

Disclosed primary funding in this record

$667M

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

4 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-27
THE BUSINESS

Get to know CRED.

CRED runs an India-based membership app centered on credit-card bill payments and financial rewards. Its own materials describe credit-score access, bill-payment support and member offers.

CRED member product overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

₹43,239 crore (~US$4.5B) proposed post-moneySeries H · AnnouncedSource ↗
$6.4B post-money (transaction counsel)Series F · ConfirmedSource ↗
$4.01B post-moneySeries E · ConfirmedSource ↗
$2.2B post-moneySeries D · ConfirmedSource ↗
$806M post-moneySeries C · ConfirmedSource ↗
$430M–$450M reported rangeSeries B · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

9sourced events · record as of 2026-09-27

CRED's June 2026 Meta announcement describes a proposed, not independently confirmed closed, Series H with primary and secondary share purchases; its approximately US$900M package is not an exact issuer-equity amount. Issuer counsel describes the 2025 Series G as approximately $75M, not the database's exact $72M. Argus Partners' July 2022 transaction-counsel report confirms the $140M Series F matter at $6.4B post-money; CRED's contemporaneous terms specify a mixed primary/secondary package, not $140M entirely raised by the issuer. CRED directly confirmed its $215M April 2021 Series D and $251M October 2021 Series E to TechCrunch; article dates are not authenticated legal closing dates. CRED's January 2021 company statement confirms an $81M Series C; the November 2020 $80M press report was a preliminary account of that same round, not a second financing. The $1.2M employee share buyback is separate secondary liquidity, not issuer proceeds. Kunal Shah directly confirmed the $120M 2019 Series B to TechCrunch; the same report attributes round participants to a regulatory filing without furnishing the original filing. Contemporaneous November 2018 and April 2019 reports describe the same ongoing Series A, not two independent rounds; their USD and INR figures cannot be precisely reconciled without original filings and FX. No current ownership or full legal financing register is claimed.

Jun 22, 2026LATEST SOURCED
other

Series H

Meta

CRED's June 22 release says it will raise a Series H led by Meta through both primary and secondary share purchases. It does not confirm a funded close or disclose the exact issuer-proceeds split. The ~US$900M and ~US$4.5B figures are approximate INR conversions, not exact USD capital or a current shareholding amount.

Amount₹8,550 crore proposed mixed primary/secondary package (~US$9Valuation₹43,239 crore (~US$4.5B) proposed post-money
Jun 9, 202508
primary

Series G

GIC (lead) · RTP Capital (lead) · Sofina Ventures (lead)

Trilegal, CRED's transaction counsel, describes an approximately $75M Series G from GIC, RTP Capital and Sofina Ventures in a June 19 matter announcement. June 9 is the first media report date, not an independently established legal close; the counsel release does not confirm an exact $72M amount, company valuation or individual investor cheque.

AmountApproximately $75M (~₹646 crore)ValuationUndisclosed
Jun 9, 202207
other

Series F

GIC (lead) · Sofina · Tiger Global · Falcon Edge · Dragoneer

Argus Partners' July 26, 2022 matter announcement identifies it as CRED's transaction counsel and describes the $140M Series F financing at $6.4B post-money. This confirms counsel's account of the financing, not independently authenticated settlement. CRED's contemporaneous statement in Economic Times identifies GIC, Sofina, Tiger Global, Falcon Edge and Dragoneer and explicitly calls it a mixed primary/secondary package: https://economictimes.indiatimes.com/tech/funding/cred-raises-80-million-funding-led-by-gic-at-6-4-billion-valuation/articleshow/92111072.cms . June 9 remains the announcement/report date, not a separately authenticated legal closing date; the exact primary/secondary split and issuer proceeds remain unknown. Economic Times reported approximately $80M for the first tranche from regulatory filings, not a second round or an amount to add to the $140M package. Original filings, exact subscribing vehicles/allocations and current retained ownership were not inspected or authenticated here.

AmountUS$140M mixed primary/secondary; issuer proceeds undisclosedValuation$6.4B post-money (transaction counsel)
Oct 18, 202106
primary

Series E

Tiger Global (lead) · Falcon Edge Capital (lead) · Marshall Wace · Steadfast · DST Global · Insight Partners · Coatue · Sofina · +2 more

CRED said on Tuesday, October 19 India time, that it had raised $251M Series E at $4.01B valuation; TechCrunch published the report at 10:12 p.m. PDT October 18. The retained October 18 date is the source's publication date, not a separately authenticated legal close. Named investors are company-level participants, not verified exact subscribing vehicles, cheque allocations or current holders. TechCrunch's earlier report of a possible next $5.5B round is not part of this financing or counted proceeds.

Amount$251,000,000Valuation$4.01B post-money
Apr 6, 202105
primary

Series D

Falcon Edge Capital (lead) · Coatue Management (lead) · Insight Partners · DST Global · RTP Global · Tiger Global · Greenoaks Capital · Dragoneer Investment Group · +1 more

CRED said on April 6 that it had raised $215M Series D at a $2.2B post-money valuation; Falcon Edge and Coatue co-led, with the other named company-level participants reported by TechCrunch. April 6 is the announcement/report date, not a separately authenticated legal close. The earlier ~$200M talks at a ~$2B valuation were a preliminary report of this financing, not another counted round. Exact subscribing funds, allocations, security classes and present holdings are not established.

Amount$215,000,000Valuation$2.2B post-money
Jan 4, 202104
primary

Series C

DST Global (lead) · Sequoia Capital India · Ribbit Capital · Tiger Global · General Catalyst · Sofina · Coatue · Satyan Gajwani

CRED's January 4 company statement, quoted by Economic Times, confirms $81M Series C and the named participating investors; January 4 is the announcement date, not a separately authenticated legal close. TechCrunch's November 30 $80M earlier report describes the same Series C and is superseded here, not another round. The separate $1.2M employee buyback is secondary liquidity, not issuer proceeds. Named investors are company-level entities, not verified subscribing funds or allocations.

Amount$81,000,000Valuation$806M post-money
Aug 26, 201903
primary

Series B

Sequoia Capital (lead) · Ribbit Capital (lead) · Gemini Investments (lead) · Tiger Global · Hillhouse Capital · General Catalyst · Greenoaks Capital · Dragoneer

Kunal Shah told TechCrunch on August 26 that CRED had raised $120M in Series B. TechCrunch attributes the named investors to a regulatory filing; the original filing, exact subscribing funds, allocations and legal closing dates are not retained here. The $430M–$450M valuation is attributed to an unnamed source, not Shah.

Amount$120,000,000Valuation$430M–$450M reported range
Apr 22, 201902
primary

Series A cumulative reported tally

Sequoia Capital India (lead) · Ribbit Capital (lead) · Ru-Net · MVision · Ganesh Ventures · Rainmatter Capital · Valiant Mauritius Partners FDI

Financial Express reported Paper.vc founder Vivek Durai's account of an ongoing Series A begun in September 2018, with more than ₹177 crore cumulatively reported by April 22, 2019 and named example investors; the original regulatory filings were not retained here. Its reported first tranche and later additions are components of this ongoing round, not separate complete raises. The exact FX conversion, final closed total, subscribing vehicles and legal close are unresolved. The November 2018 PTI report's rounded $25M does not reconcile exactly with the April INR tally and cannot be added to it.

AmountMore than ₹177 crore reported cumulative Series A as of ApriValuationUndisclosed
Nov 25, 201801
primary

Series A earlier financing report

Sequoia Capital India (lead) · Ribbit Capital (lead) · DST Global · Ru-Net · Lakestar · Morningside

Included in 2019-04-22 Series A cumulative reported tally; not added again to the confirmed-raised sum.

PTI reported on November 25, 2018 that CRED had raised $25M led by Sequoia and Ribbit about 6–8 weeks earlier; the exact financing date and subscribing vehicles were not supplied. Financial Express later described a Series A begun in September 2018 and cumulative additions through April 2019, making this an earlier report/component of the same ongoing Series A rather than a separate seed round. PTI's rounded dollars and the later INR cumulative amount are not independently reconciled, so neither is included as exact confirmed USD primary proceeds.

Amount$25M reported by PTI for financing roughly 6–8 weeks before ValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

RTP Capital

Series G · Jun 9, 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Sofina Ventures

Series G · Jun 9, 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Falcon Edge Capital

Series E · Oct 18, 2021 · Lead participant · primary · Confirmed · Confirmed source ↗

Series D · Apr 6, 2021 · Lead participant · primary · Confirmed · Confirmed source ↗

Marshall Wace

Series E · Oct 18, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Coatue Management

Series D · Apr 6, 2021 · Lead participant · primary · Confirmed · Confirmed source ↗

Dragoneer Investment Group

Series D · Apr 6, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Sequoia Capital India

Series C · Jan 4, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Series A cumulative reported tally · Apr 22, 2019 · Lead participant · primary · Reported · Reported source ↗

Series A earlier financing report · Nov 25, 2018 · Lead participant · primary · Reported · Reported source ↗

Ribbit Capital

Series C · Jan 4, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Series B · Aug 26, 2019 · Lead participant · primary · Confirmed · Confirmed source ↗

Series A cumulative reported tally · Apr 22, 2019 · Lead participant · primary · Reported · Reported source ↗

Series A earlier financing report · Nov 25, 2018 · Lead participant · primary · Reported · Reported source ↗

Satyan Gajwani

Series C · Jan 4, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Sequoia Capital

Series B · Aug 26, 2019 · Lead participant · primary · Confirmed · Confirmed source ↗

Gemini Investments

Series B · Aug 26, 2019 · Lead participant · primary · Confirmed · Confirmed source ↗

Hillhouse Capital

Series B · Aug 26, 2019 · Participant · primary · Confirmed · Confirmed source ↗

Ru-Net

Series A cumulative reported tally · Apr 22, 2019 · Participant · primary · Reported · Reported source ↗

Series A earlier financing report · Nov 25, 2018 · Participant · primary · Reported · Reported source ↗

MVision

Series A cumulative reported tally · Apr 22, 2019 · Participant · primary · Reported · Reported source ↗

Ganesh Ventures

Series A cumulative reported tally · Apr 22, 2019 · Participant · primary · Reported · Reported source ↗

Rainmatter Capital

Series A cumulative reported tally · Apr 22, 2019 · Participant · primary · Reported · Reported source ↗

Valiant Mauritius Partners FDI

Series A cumulative reported tally · Apr 22, 2019 · Participant · primary · Reported · Reported source ↗

Lakestar

Series A earlier financing report · Nov 25, 2018 · Participant · primary · Reported · Reported source ↗

Morningside

Series A earlier financing report · Nov 25, 2018 · Participant · primary · Reported · Reported source ↗

Ownership evidence

Opening ownership research…

Captables coverage

Deals / Captables

CRED's latest round: Undisclosed Series H

CRED's latest public financing record lists an undisclosed amount in its Series H dated June 22, 2026. Captables places the event in the company's disclosed funding history.

Captables Newsroom · 58d ago
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