Algo Legal Advises CRED on its Series D Round at a USD 2.2B Valuation
Bengaluru, India: Algo Legal acted as the legal counsel to Dreamplug Technologies Private Limited on raising USD 215 million in a Series D round of funding, with a post-money valuation of USD 2.2 billion. Dreamplug Technologies owns and operates the credit card bill payment platform CRED.
The Series D round was led by new investor Falcon Edge Capital and existing investor Coatue Management and also saw investments from Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina.
The Algo team was led by Abhinav Bhalaik, Mahika Parikh, Mayank Jhunjhunwala, Naveen Jain, Riya Gupta, and Abu Talha.