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§ Venture Capital · 10 CHANGI BUSINESS PARK CENTRAL 2, #05-01, HANSAPOINT@CBP, SINGAPORE (486030)
Investment entity funding fintech startups, focusing on credit card payment and rewards applications.
HH DTPL Holdings II is an investment entity that participates in funding rounds for fintech startups, primarily focusing on equity investments to generate returns from emerging technology companies. In 2020, the firm notably participated in the $120 million Series B funding round for Cred, an Indian members-only application rewarding timely credit card bill payments with exclusive offers. This investment, part of a larger Rs 730.02 crore raise finalized with an allotment resolution on August 16, valued Cred at $450 million, a substantial increase from its prior $75 million valuation. HH DTPL Holdings II co-invested alongside prominent venture capital firms including Sequoia India, Tiger Global, Greenoaks Capital, and RTP Global. Cred, founded by entrepreneur Kunal Shah, has since continued to expand its platform within the competitive Indian fintech market.
HH DTPL Holdings II has 1 tracked investment across 1 company. The latest tracked deal is $120.1M Other Equity in CRED in August 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 27, 2019 | CRED | $120.1M Other Equity | — | Anxa Holding, DF International Private Partners, Gemini Investments, Greenoaks Capital, Ribbit Capital, RTP Global, Sequoia Capital, Tiger Global |