CRED to Raise INR 8,550 Crore (~USD 900M) From Meta

Meta is reportedly in talks to invest in Bengaluru-based fintech CRED at a valuation of around $4 billion, according to Moneycontrol.

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.

Meta invests $900 million in CRED as founder Kunal Shah transitions to lead WhatsApp globally, enhancing India's fintech landscape.

CRED to Raise INR 8,550 Crore (~USD 900M) From Meta

This was among the tech giant's biggest investments in the Indian startup ecosystem, which also shot Shah into the elite club of global tech leaders. Zooming out, here’s a look at…