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Cred narrows FY24 loss by reining in marketing expense, revenue jumps 66%

TMT

30 September, 2024

Cred narrows FY24 loss by reining in marketing expense, revenue jumps 66%

Serial entrepreneur Kunal Shah’s fintech startup Cred managed to narrow its operating loss to Rs 609 crore in the financial ......

ByteXL, Honestly, two others raise early-stage funding

TMT

18 July, 2024

ByteXL, Honestly, two others raise early-stage funding

AI-powered beauty platform Honestly, edtech platform byteXL, urban transit services provider Mypickup and deeptech startup Protonas were among the four ......

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How was ET Money valued in control deal by Bain-backed 360 One?

TMT

13 June, 2024

How was ET Money valued in control deal by Bain-backed 360 One?

360 One WAM Ltd has agreed to acquire wealth management platform ET Money in a deal that will pitch it ......

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Deals Digest: Funding momentum picks up as deal volume surges

General

09 February, 2024

Deals Digest: Funding momentum picks up as deal volume surges

Investment activity this week shot back up on a low base, even as ticket sized remained below the psychologically important ......

Kunal Shah's Cred to buy VC-backed investment platform Kuvera

TMT

06 February, 2024

Kunal Shah's Cred to buy VC-backed investment platform Kuvera

Serial entrepreneur Kunal Shah’s fintech startup Cred said Tuesday it has agreed to buy mutual fund platform Kuvera for a ......

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Grapevine: Alta Capital in fray for Indian housing firm; Cred eyes M&A

General

13 October, 2023

Grapevine: Alta Capital in fray for Indian housing firm; Cred eyes M&A

Former Blackstone executive Siddhartha Gupta's real estate investment management firm Alta Capital has emerged as the frontrunner to buy out ......

Fintech unicorn Cred spent almost Rs 2 to generate one rupee in revenue in FY23

TMT

05 October, 2023

Fintech unicorn Cred spent almost Rs 2 to generate one rupee in revenue in FY23

Serial entrepreneur Kunal Shah’s Cred grew its revenue rapidly in the financial year ended March 2023 as the fintech startup sought to improve monetisation by offering more products, but it spent almost twice as ......

Tiger Global-backed Cred acqui-hires investment tech firm Spenny

Finance

23 June, 2023

Tiger Global-backed Cred acqui-hires investment tech firm Spenny

Serial entrepreneur Kunal Shah-founded fintech unicorn Cred, which counts Sofina, Tiger Global, FalconEdge and Dragoneer as among its investors, on ......

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Grapevine: Alpha Alternatives hits credit fund's first close; Mayfield exits EV bet

General

16 May, 2023

Grapevine: Alpha Alternatives hits credit fund's first close; Mayfield exits EV bet

Mumbai-based asset management firm Alpha Alternatives Group has marked the first close of its maiden structured credit fund, a media ......

Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC

General

01 May, 2023

Grapevine: Tiger Global exits Freshworks; Cred's Shah taps GIC for new NBFC

Tiger Global, one of the most active venture capital backers in India over the past decade, has made its second ......