CRED Raises $72 Mn In Series G Down Round, Valued At $3.5 Bn

Indian fintech unicorn CRED has raised ₹617 crore (approximately $72 million) in a Series G funding round, marking a significant 45% drop in valuation from its 2022 peak. The company is now valued at $3.5 billion, down from $6.4 billion.

According to filings with the Registrar of Companies (RoC), the round was led by GIC, Singapore’s sovereign wealth fund, which invested ₹354.4 crore through its Lathe Investment arm. Other key participants in the round include RTP Capital (₹74.9 crore), Sofina (₹25.9 crore), and QED Innovation Labs…