Cred raised funding of Rs 620 crore, valuation decreased by 45 percent

Cred’s revenue increased by 71 percent to Rs 2,397 crore, but the deficit also increased by 22 percent to Rs 1,644 crore.

Despite this loss, the company has worked rapidly towards strengthening its products and services. Funding will be used towards new offering, technical investment and becoming super apps.

The company is also planning IPO in the coming time, so this investment is considered important.