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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 global head of messaging platform WhatsApp. Shah – who will move from his operating role as CEO of CRED to join Meta’s global […]
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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…
