Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Indian fintech CRED raises $251M
Bangalore-based CRED, provider of a rewards platform for credit card users, raised $251 million in a Series E funding round led by Falcon Edge Capital and Tiger Global Management.
The financing reportedly sets a valuation of around $4 billion for the 3-year-old company, which ties rewards to timely credit card bill payment.
— Joanna Glasner
Delivery Hero invests $235M in Gorillas
Food delivery provider Delivery Hero is reportedly investing $235 million in Berlin-based online grocery startup Gorillas, as part of a $1 billion funding round. Founded in 2020, Gorillas offers to ship groceries to customers’ doors in as little as 10 minutes.
— Joanna Glasner
Fintech
Brazil’s Pismo banks $108M: São Paulo-based Pismo, provider of a cloud-based banking and payments platform, raised $108 million in a Series B round led by SoftBank Latin America Fund, Amazon and Accel.
— Joanna …
