CRED in talks to acquire Dineout and Wint Wealth
By MYBRANDBOOK
CRED is in talks to acquire two startups - Dineout and Wint Wealth. It is looking to give more services to its over 7.5 million users.
CRED's talks to acquire these startups comes weeks after it raised $251 million, doubling its valuation to $4 billion in barely six months.
The Dineout deal is pegged at a valuation of $25-50 million, while Wint Wealth could be acquired for about $50 million.
While Times Internet-owned Dineout helps users discover restaurants, offers discounts and complimentary dishes with Dineout Passport, Wint Wealth is an alternate investment platform which offers users better stable returns than a Fixed Deposit but less than the stock market.
However, both Dineout and Wint Wealth denied the development and said no such conversation happened.
While CRED has been strengthening its commerce play by onboarding multiple D2C brands on its platform, dining out can be an additional area where its users can transact on the app, by using CRED's wallet or UPI modes of payment.
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