CRED raises $81 Mn in Series C; Initiates ESOP buyback of $1.2 Mn
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Bengaluru-headquartered fintech startup CRED has raised $81 Mn in a Series C round led by existing investors. Founded by Kunal Shah in 2018, the investment makes the company at a post-money valuation of about $806 Mn. Besides the funding round, CRED has also launched an ESOP buyback scheme worth INR 9 Cr to its employees, which is the company’s first ESOP liquidity programme, two years after launch.