India, June 28 -- The month of June kept the Indian fintech sector busy on multiple fronts. The headline move came from CRED raising Rs.8,550 Cr ($900 Mn) in a Series H round led by Meta, valuing the company at $4.5 Bn post-money.

In what can be defined as the watershed moment for the country's fintech ecosystem, Kunal Shah, the founder of CRED, is now the global head of WhatsApp at Meta. Meanwhile, Razorpay, which confidentially filed its draft IPO papers with SEBI is targeting a fundraise of Rs.5,000-6,000 Cr.

On the funding side, Sachin Bansal's Navi entered talks to raise $250-300 Mn to shore up its lending book and prepare for its listing.

On the IPO front, insurtech platform Turtlemint closed its Rs.882.67 Cr public issue with 1....