B Capital backs Indian fintech CredAvenue
The latest investment, part of a $137 million Series B round, brings CredAvenue’s valuation to $1.3 billion and propels it to unicorn status.
FrankLin
The latest investment, part of a $137 million Series B round, brings CredAvenue’s valuation to $1.3 billion and propels it to unicorn status.
March 08, 2022
US and Singapore-headquartered venture capital firm, B Capital, has announced its investment in Indian debt marketplace, CredAvenue, as part of a $137 million Series B fundraising round. US alternative investment firms, Insight Partners and Dragoneer, also participated in the round alongside existing investors, the announcement said.
In September 2021, CredAvenue raised $90 million from Sequoia Capital, Lightspeed Ventures, TVS Capital, and Lightrock, in what it claims remains India’s largest Series A round to date. Other sizeable Series A rounds include Mensa Brands’s $50 million fundraise in May, and FamPay’s $38 million capital raise, in June last year.
The latest round brings Cred...
¬ Haymarket Media Limited. All rights reserved.
FinanceAsia has updated its subscription model.
Registered readers now have the opportunity to read 5 articles from our award-winning website for free.
To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.
To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222
