CRED Founder, Flipkart CEO invest in former Paytm Money CEO's new startup

Former Paytm Money CEO Pravin Jadhav has announced the launch of his new fintech startup Raise Financial Services. The venture has also raised its seed funding from Mirae Asset, CRED's Kunal Shah, Flipkart CEO Kalyan Krishnamurthy, PhonePe CEO Sameer Nigam and Freshworks CEO Girish Mathrubootham among others. Jadhav had resigned from Paytm Money in March 2020.