Latest news with #Cred
Time of India
07-08-2025
- Business
- Time of India
Cred and T Rajendar show Chennai the rewards of paying bills on time
Cred , the rewarding platform for the creditworthy, has invoked the iconic T Rajendar to spotlight the rewards of good financial behaviour in its new, quintessentially 'TR' brand film. Speaking directly to 'TR Nation', the campaign celebrates the legendary performer's unmistakable delivery and presence as a multi-hyphenate actor, director, producer, lyricist, composer, and singer. Now, he dons one more hat: that of an explainer, where he transforms creditworthiness from a concept to a conversation - a rewarding one. The campaign comes at a time when Chennai is emerging as one of India's most financially aware cities. A recent Cred–YouGov survey highlighted that 65 per cent of respondents in Chennai know their exact credit score , the highest among all Indian metros. With the film, Cred and TR show this financially progressive community that creditworthiness can be rewarding too. In a few seconds, a late-night doomscroll turns into a walk through the rewards that Cred members earn by paying their bills on the app - jewellery, vacations, gadgets, makeovers and other experiences. The film will run for six weeks across Tamil Nadu. The campaign continues on the app as well, with curated offers on brands like Butterheads, VS Mani, Bodycraft, Sangeetha Veg, Cha Republic, GIVA, A2B, Lakme and many more. Watch the video here:
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Business Standard
04-07-2025
- Business
- Business Standard
Funding to fintech companies marginally dips to $889 million in H1CY25
Fintechs in India raised $889.2 mn in H1CY25, down 5.3% YoY and 25.9% from H2CY24, as deal count dropped significantly and late-stage rounds led capital inflow Ajinkya Kawale Mumbai Listen to This Article Funding to fintech companies in India declined to $889.2 million in the first half of calendar year 2025 (H1CY25), a marginal 5.3 per cent drop from the $936.4 million the sector raised in H1CY24. The amount of funds raised by these companies shrank 25.9 per cent from $1.2 billion recorded in H2CY24, data from market intelligence platform Tracxn shows. The number of funding rounds decreased sharply from 195 in H1CY24 to 109 in H1CY25. The sector saw 131 funding rounds in H2CY24. Among the top fundraisers were Cred, which secured $75 million in a Series G round; InsuranceDekho, with $70
Time of India
19-06-2025
- Business
- Time of India
Zerodha CEO Nithin Kamath goes for Credit Check on Zerodha Capital, sends message to Cred CEO Kunal Shah
Zerodha CEO Nithin Kamath recently revealed that his credit score 747 isn't 'good enough' to qualify for CRED, the elite credit rewards platform founded by Kunal Shah. For those unaware, Cred is known for its exclusive platform, which typically requires users to have a credit score of 750 or higher to access its rewards and services. The Zerodha CEO posted a screenshot on X (formerly known as Twitter) revealing his credit found and CEO Kunal Shah was also quick to respond to Kamath's post. Zerodha CEO Nithin Kamath fails Cred test Recently, Zerodha CEO Nithin Kamath took to X to share a screenshot of his credit score using Zerodha Capital . In his post he also tagged Cred co-founder and CEO Kunal Shah. 'I did a credit check on @zerodhacapital to check out the flow, and my score is 747. So I am not good enough for @CRED_club , @kunalb11 ,' wrote Kamath. Kamath also informed users that they can check their credit score in some simple steps using Zerodha Capital. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Cred CEO Kunal Shah responded to Zerodha CEO Nithin Kamath's credit score Cred founder and CEO Kunal Shah was also quick to respond to Kamath's query. 'I'll call you and help you fix it. Glad you're caring about scores and increasing awareness. More people need to do this :),' replied Shah. 'Haha, welcome to the "747 Club", Nithin!…' commented users The exchange sparked a wave of reactions online—from users flaunting higher scores to others questioning the rigidity of India's credit rating systems . 'Haha, welcome to the "747 Club", Nithin!Not high enough for CRED, but perfect for domestic flights!On a serious note, we've got the Ultimate Credit Score Guide posted on the TF Community - your shortcut to cracking that 800+ zone (no secret handshakes required),' commented a user. 'I think you took a loan and missed a payment, which is why your credit score is not eligible for a personal loan with a low interest need to improve your credit score—maybe consult Instagram financial influencer,' posted another user. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
13-06-2025
- Business
- Time of India
ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-year
Indian startups raised around $160.3 million during the week of June 7 to 13, a 74.7% jump from the $91.8 million raised during the same period last year, according to data from Tracxn . The tally also marked a 12.4% increase over the $142.7 million raised last week. Despite the rise in funding value, deal activity remained muted, with only 16 transactions recorded this week. This was less than half of the 34 deals seen in the corresponding week last year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo ETtech Top deals of the week Cred : Fintech firm Cred closed a funding round of about $72 million at a sharply reduced valuation of $3.5 billion. This marks a steep 45% cut from the $6.4 billion valuation at which the company last raised capital in 2022. Singapore's sovereign wealth fund GIC , through its investment arm Lathe Investment, led the funding. Live Events Flexiloans : New-age non-banking finance company (NBFC) Flexiloans raised around $43.8 million in a mix of primary and secondary capital. The round was led by existing investors Nandan Nilekani's Fundamentum, US-based impact investor Accion Digital Transformation, American asset management firm Nuveen, and Denmark-based asset management major Maj Invest. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Vecmocon : Deeptech startup Vecmocon Technologies raised $18 million in a funding round led by Ecosystem Integrity Fund (EIF) , with Blume Ventures and Aavishkaar Capital participating. ETtech
Time of India
12-06-2025
- Business
- Time of India
Startups raise funds but valuations shrink
This is an AI-generated image, used for representational purposes only BENGALURU: Over the past two years, an increasing number of Indian startups raised capital at significantly lower valuations, reflecting a sustained reset in the late-stage venture funding market. According to data from Tracxn, at least 55 companies across sectors like fintech, SaaS, and consumer internet experienced valuation declines since January 2023. Notable markdowns include Cred, which raised $75 million in May at a valuation of approximately $3.5 billion-down nearly 45% from its 2022 peak of $6.4 billion. Meesho secured $275 million last year at a $3.9 billion valuation, reduced from $4.9 billion previously. Oyo raised $175 million in 2023 at an implied valuation of about $2.5 billion, a steep drop from its earlier high near $10 billion. Swiggy also lowered its valuation targets while preparing for its IPO, raising $46 million in 2023. Beyond these well-known names, valuation markdowns affected a wide range of companies, including Flipkart, Pratilipi, Shiprocket, MobiKwik, GreyHR, Zolo, Lendingkart, Udaan, PayMate, Pepperfry, OfBusiness, Fisdom, and others. These adjustments spanned both primary and secondary transactions, with several companies recalibrating their private valuations in preparation for upcoming public listings. Venture investors point to a combination of inflated valuations during the 2021-2022 boom cycle and a subsequent recalibration of revenue multiples. "The fundamental problem is not with the companies themselves. Many of these companies continue to grow. The markdowns are largely a reset from highly inflated multiples that investors were willing to pay during 2021 and 2022," said Mohan Kumar, founder and managing partner at Avataar Venture Partners. He said that SaaS companies, which saw revenue multiples of 30-100 times during the peak funding period, largely reverted to historical norms. "For late-stage SaaS companies today, if you are growing at 30% and profitable, you may command around 10 times revenue. For others, the multiple is more in the 7-8 times range. The pandemic era was an aberration where free capital distorted pricing," Kumar added. In enterprise software, which saw some of the steepest pandemic-driven valuation spikes, multiple compression drove significant markdowns. Postman, for instance, saw secondary transactions at valuation levels 30-40% below its earlier $5.6 billion peak. Investors now broadly expect valuations to remain tied closely to profitability and revenue growth metrics. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
