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CRED Raises $251 Million At $4 Billion Valuation | Startup Street | CNBC TV18

Credit card payments firm CRED has closed a $251 million funding round, doubling its valuation to $4 billion in barely six months amid an unprecedented startup funding boom, sources have said. A spokesperson for the finetch founded by Kunal Shah confirmed the deal but refused to elaborate.The Series E round was led by existing backers Tiger Global Management and Falcon Edge Capital with two new investors—hedge funds Marshall Wace and Steadfast Capital—also joining in.#CNBCTV18 #BusinessNews #ShareMarketToday #Nifty #Sensex

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