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Meta makes a $900 million super-app move in India
Cred founder Kunal Shah, a philosophy graduate, built his platform on exclusivity for high credit scorers, now processing over 40% of India's credit card bills. While Meta's interest raises data control questions, Shah faces the challenge of creating a fair commercial portal. His next task is to expand Cred beyond its niche user base to serve the broader Indian middle class, a significant shift from his initial strategy.
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6 prospettive sulla stessa storiaTimeline cronologica
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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…
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hindustantimes.com
Cred founder Kunal Shah to be new boss of WhatsApp, announces Meta
Kunal Shah replaces Will Cathcart, who has been running the popular messaging service for roughly seven years | India News
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channelnewsasia.com
Meta to invest $900 million in India's CRED, taps founder to lead WhatsApp
June 22 : Meta Platforms will invest $900 million in Indian fintech startup CRED, valuing it at $4.5 billion, while tapping CRED's founder Kunal Shah to head WhatsApp globally,…
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Indian fintech firm CRED to raise $900 million from Meta at $4.5 billion valuation
June 22 : Indian fintech firm CRED said on Monday it will raise about $900 million from Meta Platforms at a post-money valuation of $4.5 billion, as it seeks to accelerate growth…
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Cred's Kunal Shah to be WhatsApp global head; Coursera CTO on edtech’s AI challenge
Cred founder Kunal Shah will join WhatsApp as its global head after Meta announced a nearly $900 million investment in the fintech firm. This and more in todays ETtech Top 5.
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newsbytesapp.com
Meta invests $900M in CRED, appoints founder as WhatsApp head
Meta has invested Rs 8,550 crore in Indian fintech CRED, acquiring a 20% stake and appointing its founder, Kunal Shah, as the new head of WhatsApp.
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thehindubusinessline.com
Kunal Shah steps down as CRED CEO to lead WhatsApp at Meta
Kunal Shah leaves CRED to lead WhatsApp at Meta while retaining his shareholding in the fintech platform.
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cryptobriefing.com
Meta reportedly in talks to invest in Indian fintech Cred, with Kunal Shah eyed for WhatsApp role
Meta is reportedly in advanced talks to invest in Indian fintech Cred at a $4 billion valuation, with founder Kunal Shah eyed for a WhatsApp leadership
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yourstory.com
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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Who is Kunal Shah? CRED founder who sold FreeCharge for ₹2,800 crore, built CRED into a $325M fintech giant, and now set to lead WhatsApp
Kunal Shah, the visionary behind CRED, is set to lead WhatsApp globally following Meta's substantial investment. Renowned for scaling CRED and previously selling FreeCharge for…
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Meta names CRED founder Kunal Shah as the next head of WhatsApp
Meta has reportedly named CRED founder Kunal Shah as the next head of WhatsApp, replacing Will Cathcart, and has also reportedly made a $900 million minority investment in CRED.…
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Kunal Shah to lead WhatsApp as Meta pumps $900 mn into CRED
Meta invests $900 million in CRED as founder Kunal Shah transitions to lead WhatsApp globally, enhancing India's fintech landscape.
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theprint.in
Meta to invest Rs 8,550 cr in CRED; appoints founder Kunal Shah as global WhatsApp head
New Delhi, Jun 22 (PTI) Tech giant Meta will invest Rs 8,550 crore (about USD 900 million) in Indian fintech firm CRED, and has appointed its founder, Kunal Shah, as the new…
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gadgetsnow.indiatimes.com
Meta turns to India for WhatsApp's next chapter, picks Cred founder Kunal Shah
WhatsApp’s getting a new boss, and Meta’s looking to India for their pick. They just named Kunal Shah, the founder of Cred, as the next head of WhatsApp. He’s taking over from…
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timesofindia.indiatimes.com
Meta buys into Kunal's Cred, names him Shah of WhatsApp
The land of WhatsApp uncles and ubiquitous 'Good morning' messages has given the blockbuster messaging platform its next global head, with Meta Platforms elevating Cred founder…
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Kunal Shah heads to Meta; New-age IPO playbook
Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in todays ETtech Morning Dispatch.
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CRED’s Kunal Shah to lead WhatsApp; Making travel gear work better for women
CRED, which is set to raise Rs 8,550 crore (approximately $900 million) in a Series H funding round led by Meta, will use the fresh capital to support growth initiatives and…
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US-based founder questions why Kunal Shah would leave IPO-bound startup for Meta job
California-based founder Harshdeep Rapal questioned why Shah chose to leave his profitable startup CRED for a Silicon Valley job.
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Cred founder Kunal Shah to be WhatsApp's global head, Meta says he brings ‘builder mentality’
Kunal Shah, who has previously founded and sold FreeCharge and backed a range of Indian startups, will replace Will Cathcart, who has led WhatsApp since 2019. | Business News