CredAvenue enters unicorn club as valuation triples to $1.3 bn in 6 months

Raises $137 million in Series B funding round led by Insight Partners, B Capital and Dragoneer

Online debt marketplace CredAvenue has become the tenth unicorn of 2022, raising $137 million in its Series B funding round. The fintech start-up said that it is now valued at $1.3 billion – more than tripling its valuation in 6 months.

The funding was led by New York-based global private equity and venture capital firm Insight Partners, B Capital Group, and Dragoneer, with participation from existing investors.

In September last year, CredAvenue had closed its Series A funding round of $90 million led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock. That equity funding had