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Meta leads Rs 8,550 Cr investment in CRED, Kunal Shah steps down to lead WhatsApp
CRED plans to use the fresh capital to support growth initiatives and strengthen its path toward a public listing.
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thenextweb.com
Meta buys into Cred and names a new WhatsApp boss
Meta is investing $900mn in India's Cred for a ~20% stake, and making founder Kunal Shah the new head of WhatsApp, replacing Will Cathcart.
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economictimes.indiatimes.com
Meta to invest $900 million in Cred; Founder Kunal Shah to be global CEO of WhatsApp - The Economic Times
Fintech giant Cred has secured a significant Rs 8,550 crore funding round, led by Meta, valuing the company at $4.5 billion. As part of the transaction, Shah will step away from…
