Sources: 
Fintech unicorn CRED, founded by Kunal Shah, has secured a significant funding boost of
$72 million from prominent investors such as Lathe Investment, RTP Global, Sofina Ventures, and QED Innovation Labs.
This investment highlights the growing momentum in Bengaluru’s startup ecosystem, where 20 startups collectively raised approximately
$184.75 million this week alone. The funding rounds spanned five growth-stage and 14 early-stage startups, underscoring robust investor confidence across various development phases.
Commerce and Industry Minister Piyush Goyal recently emphasized the surge in private investments over the past decade, noting that Indian startups and emerging entities have attracted over
$150 billion in private funding in the last 11 years.
“There has been a surge in private investments in the last 11 years, with Indian startups and emerging entities attracting significant private funding to the tune of over $150 billion in the past decade,” Goyal said.
CRED’s latest funding round not only strengthens its position as a fintech leader but also exemplifies Bengaluru’s role as a hub for innovation and investment in India’s startup landscape.
The diverse investor base backing CRED reflects confidence in the company’s growth trajectory and the broader fintech sector’s potential to disrupt traditional financial services.
As Indian startups continue to attract substantial capital, the ecosystem is poised for further expansion, driven by innovative business models and increasing global investor interest.
Sources: Fintech unicorn CRED, led by Kunal Shah, secured $72 million in funding from investors including Lathe Investment and RTP Global, fueling Bengaluru’s startup surge. This week, 20 Indian startups raised $184.75 million, reflecting growing investor interest in the country’s vibrant startup ecosystem.
