CRED becomes unicorn after raising $215 mn at $2.2 bn valuation

Bengaluru-based startup CRED has become a unicorn after it announced on Tuesday that it has raised $215 million in a Series D funding round at a $2.2 billion post-money valuation. New investor Falcon Edge Capital and existing investor Coatue Management led the round. CRED was valued at $800 million in the $81 million Series C round.