CRED funding rounds & valuation history
CRED, the Bengaluru credit-card rewards and payments app founded by Kunal Shah. Funding from the Series C (Jan 2021) to the Series G (Jun 2025) plus later status rows, sourced to VCCircle, BusinessLine, CNBC-TV18 and TechCrunch.
Round history
Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.
| Date | Status | Round | Amount | Lead / buyer | Valuation | Val. ÷ run-rate | Source |
|---|---|---|---|---|---|---|---|
Reported talks |
Series H with Meta (agreed; completion not confirmed)About half is secondary purchases from existing investors (VCCircle). Meta, a listed company, takes a minority stake (reported around 20%); founder Kunal Shah moved to Meta to lead WhatsApp. Completion not confirmed by an authority source as of 13 Nov 2026; not counted as closed. |
$900M (primary + secondary) |
Meta Platforms |
$4.5B post-moneyCompany-stated post-money (₹43,239 crore); pre-money $4.03B (₹38,819 crore) |
—Not disclosedTalks-stage or discussed figure; no multiple |
||
Closed round |
Series GDown round: about 45% below the 2022 valuation. |
About $75M (reported) |
Lathe Investment (GIC)With: Sofina Ventures, RTP Global, QED Innovation Labs |
$3.5B (reported)According to sources (CNBC-TV18); a 45% drop from 2022 |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series FIncludes secondary transactions (split not disclosed). |
$140M |
GICWith: Tiger Global, Sofina, Alpha Wave, Dragoneer |
$6.4BAs reported by TechCrunch; pre/post not specified |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series E |
$251M |
Tiger Global, Falcon Edge Capital |
$4.01BPost-money ($3.75B pre-money + $251M), per TechCrunch |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series D |
$215M |
Falcon Edge Capital, Coatue Management |
$2.2BPost-money (TechCrunch) |
—Not disclosedNo run-rate stated in the announcement |
||
Closed round |
Series C |
$81M |
DST Global partnersWith: Sequoia Capital India, Ribbit Capital, Tiger Global, General Catalyst |
$806MPost-money (TechCrunch) |
—Not disclosedNo run-rate stated in the announcement |
Valuation at each closed round
Valuations as stated or reported at each closed round with a disclosed figure; talks, tenders and filings are not plotted.
Sources: VCCircle, BusinessLine, CNBC-TV18, TechCrunch. US$ billions, linear scale.
Timeline
Each round and share sale, oldest first.
- 4 Jan 2021 · Closed
Series C: $81M at $806M led by DST Global partners.
- 6 Apr 2021 · Closed
Series D: $215M at $2.2B led by Falcon Edge Capital, Coatue Management.
- 18 Oct 2021 · Closed
Series E: $251M at $4.01B led by Tiger Global, Falcon Edge Capital.
- 9 Jun 2022 · Closed
Series F: $140M at $6.4B led by GIC.
- 10 Jun 2025 · Closed
Series G: About $75M (reported) at $3.5B (reported) led by Lathe Investment (GIC).
- 22 Jun 2026 · Talks
Series H with Meta (agreed; completion not confirmed): $900M (primary + secondary) at $4.5B post-money.
Cite this dataset
Free to quote with a link back. Copy this citation:
CRED Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/cred/
Download the data
The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.
- File
cred-rounds.csv(UTF-8, comma-separated)- Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/cred-rounds.csv- Columns
id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated- Updated
- (IST)
Methodology & status definitions
How each row is labelled and calculated.
Closed round
A primary round announced by the company or confirmed in the press, bringing new money to the company.
Reported talks
A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.
Valuation ÷ run-rate
Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.
What is not a separate row
Seed, Series A and Series B (2018–2019): not captured from an authority source in this pass. Small 2024–25 top-ups reported only in rupees. Employee share buybacks.
Updates & corrections
This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.
Changelog
- : Dataset first compiled (batch 4, not yet published).
Sources
- VCCircle: Meta to invest $900 mn in CRED, names Kunal Shah WhatsApp’s global CEO, 22 Jun 2026
- The Hindu BusinessLine: Kunal Shah to lead WhatsApp as Meta pumps $900 mn into CRED, 24 Jun 2026
- CNBC-TV18: CRED valuation falls to $3.5 billion after $75 million Series G fundraising, 10 Jun 2025
- TechCrunch: India’s CRED valued at $6.4 billion in new funding, 9 Jun 2022
- TechCrunch: Indian fintech CRED valued at $4 billion following $251 million fundraise, 19 Oct 2021
- TechCrunch: India’s CRED valued at $2.2 billion in new $215 million fundraise, 6 Apr 2021
- TechCrunch: India’s CRED raises $81 million, buys back shares worth $1.2 million from employees, 4 Jan 2021