Posted on

The Briefing: CRED Picks Up $251M, Delivery Hero Backs Gorillas, And More


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.
Subscribe to the Crunchbase Daily
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
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 …

Read More