<ul><li>Indian fintech unicorn CRED raises $72 million in Series G funding round, with a valuation of $3.5 billion, down from $6.4 billion.</li><li>The funding round was led by GIC and included investments from other key participants like RTP Capital, Sofina, and QED Innovation Labs.</li><li>Despite the valuation decrease, CRED reported strong financial performance for FY24, with revenue growing by 66% and operational losses decreasing.</li><li>CRED's expansion into diversified financial services, including personal loans and insurance management, has helped attract investors amid the IPO climate heating up for fintech companies in India.</li></ul>

CRED Raises $72 Mn In Series G Down Round, Valued At $3.5 Bn

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