CRED joins Byju’s and Swiggy in the Top 10 most valued startups — check out the list

Jun 10, 2022

By: Kritti Bhalla

Cred is now valued at $6.4 billion.

Four-year-old CRED — led by Kunal Shah — is now the seventh biggest startup in India in terms of valuation. The company raised $140 million on Thursday, at a valuation of $6.4 billion. Here are the top ten highest funded startups in the country:

Credit: BCCL

Byju’s | #1

The edtech startup has raised $6.4 billion to date and was valued at $18.5 billion in the last round. It is the highest valued edtech startup in the world and the highest valued startup in India.

Credit: BI-India

Swiggy | #2

The food delivery business — which competes with Zomato — has raised $4.8 billion to date and was valued at $10.7 billion in the last round.

Credit: BI-India

Oyo | #3

The budget hotel chain — which is all set to make its public debut in the near future — has raised $3 billion to date and was valued at $9.6 billion in the last round raised from Microsoft.

Credit: BI-India

Dream Sports | #4

The gaming company Dream Sports — the parent company of Dream11 — raised $1.2 billion to date and was valued at $8 billion in its last round.

Credit: BI-India

RazorPay | #5

Payments gateway RazorPay was valued at $7.5 billion in its last round and is currently the highest valued fintech startup in India. The company has raised over $800 million to date.

Credit: BI-India

Ola | #6

Ride hailing giant Ola — which too is looking to hit the public market in the near term — was valued at $7.3 billion in its last round. It has raised $5 billion to date.

Credit: BI-India

Cred | #7

Credit card payments company Cred has raised $1 billion to date.

Credit: BI-India

Postman, PharmEasy | #8

Software-as-a-service company Postman and online pharmacy PharmEasy were valued at $5.6 billion in their last rounds.

Credit: BI-India

PhonePe | #9

Digital payments company PhonePe — owned by Walmart — has raised $1.7 billion to date and was valued at $5.5 billion in its last round.

Credit: BI-India

Icertis, Ola Electric, Pine Labs, Dailyhunt, OfBusiness | #10

SaaS companies Icertis and OfBusiness, emobility Ola Electric, content company Dailyhunt and fintech startup PineLabs are all valued at $5 billion each.

Credit: BI-India

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