India has always been a hub of innovation, and the recent infusion of venture capital into the country is no exception. One such example is the latest investment by DST Global, a venture capital firm, in Cred. Cred, an India-based fintech startup that provides users with financial services like credit cards and loans, received $81 million of investment from DST Global. In this blog post, we will explore how this investment could shape India’s rapidly growing fintech landscape and how it could benefit both investors and consumers alike.
What is India-based cred?
India-based cred is a digital lending platform that offers short-term loans to small businesses in India. The platform is designed to help businesses grow by providing access to capital that can be used for working capital, inventory, or other business expenses. India-based cred is powered by DST Global, a leading venture capital firm that has invested in some of the world’s most successful companies, including Facebook, Airbnb, and Spotify.
How much money is involved?
As of September 2019, DST Global has invested $4.5 billion in India-based companies across various sectors, including e-commerce, travel, and financial services. In 2018 alone, DST Global invested $2.4 billion in Indian startups.
What is the purpose of the fund?
The purpose of the fund is to provide financial assistance to businesses and entrepreneurs in India who are working on innovative products and services that have the potential to make a positive impact on society. The fund will also invest in early-stage companies that are seeking to scale up their operations and reach new markets.
How will it be used?
As the name suggests, Indiabased cred m dst global is a credit card that can be used for making payments in India. It is a contactless card, which means that you can use it for making payments without having to swipe or insert your card into a terminal. You can simply hold your card near the reader and the payment will be processed automatically. This makes it very convenient for making payments on the go. The card can be used at any merchant that accepts credit cards, including online merchants.
When will it be available?
Assuming you are referring to the India-based credit card from DST Global, the answer to this question is currently unknown. The company has not released any information regarding the availability of this product. However, based on the release of other products in India, it is reasonable to expect that the credit card will be available sometime in the near future.
Who is eligible for the fund?
In order to be eligible for the India-based Cred M DST Global Fund, you must:
– Be an Indian citizen or resident
– Be 18 years of age or older
– Have a minimum annual income of Rs. 2 lakhs
If you meet all of the above criteria, you can apply for the fund by filling out an online application form.
How to apply for the fund?
1. How to apply for the fund?
To apply for the fund, you will need to fill out an online application form which is available on the India-based Cred M DST Global website. The form must be completed in full and all required supporting documentation must be attached. Once your application has been received, it will be reviewed by the fund’s selection committee and you will be notified of the decision via email.
Conclusion
In summary, the India-based credit startup Cred has recently secured 81 million USD in funding from DST Global. This investment puts Cred on the path to becoming a major player in the global fintech market and is expected to significantly increase their customer base. With access to more capital, Cred can now look forward to further expansion and improved services for its customers. We are excited to see how this innovative company continues its mission of making financial literacy accessible across India.