CRED raises $251 million

Mumbai-based fintech giant CRED has raised $251 million of Series E venture funding at a valuation of $4.01 billion. Third funding this year was co-led by Tiger Global and Falcon Edge Capital and brings the total raised to date for the three-year-old start-up to $848 million. 

Backed by many prominent investors such as DST Global, Insight Partners, Coatue, and Dragoneer, CRED continues its strong growth pattern after it was valued at $2.2 billion in an April round this year and $806 million in a round it disclosed in January.