Sequoia Capital led a $90m Series A round in CredAvenue.

Sequoia Capital led a $90m Series A round in CredAvenue, a platform that connects corporates seeking loans with financial institutions and other investors, with participation from Lightspeed, TVS Capital Funds and Lightrock. "Although this is our Series A round, the platform is already doing significant business with the debt market participants in India. Hence, the entity was already discovered widely with the prospective investors. We needed the right set to come on board, who will partner with us strategically in the immediate hyper-growth stage. While we received multiple inbounds, we are content with the cap table at this moment," Gaurav Kumar, CredAvenue Founder and CEO.