SynopsisThe sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company at about $4 billion. The transaction has allowed several early backers to partly cash out at a time when large private market exits remain scarce, and venture funds are under pressure to return capital to their investors. Meta’s purchase of shares worth nearly $400 million from Cred’s existing shareholders has delivered 7-20x returns to the fintech’s angel investors, and 3-16x gains to its institutional backers, sources said, making it one of the largest secondary deals in India’s startup ecosystem.The sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company at about $4 billion. The transaction has allowed several earlyNow Playing
Cred’s angels, institutional investors score big in Meta deal - The Economic Times
The sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company at about $4 billion. The transaction has allowed several early backers to partly cash out at a time when large private market exits remain scarce, and venture funds are under pressure to return capital to their investors.
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