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New Deal


Announced

Cred to acquire Kuvera.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

digital wealth management

FinTech

Acquisition

Majority

Private

Domestic

Pending

Friendly

Single Bidder

Synopsis

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Cred, a fintech firm, agreed to acquire Kuvera, a digital wealth management start-up. Financial terms were not disclosed. "Kuvera is extremely popular among financially savvy Indians. Their products and vision are aligned with Cred’s principle of investing for long-term value creation rather than short-term entertainment," Kunal Shah, Cred CEO.

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