Meta appoints Cred’s Kunal Shah new WhatsApp lead, invests $900mn in his startup
Fintech unicorn CRED has raised $900 million (about Rs 8,500 crore) in a fresh funding round led by Meta, founder Kunal Shah announced on Monday. This is a major deal by Meta for an Indian startup.
The funding includes both primary and secondary capital. Shah did not disclose the valuation at which the round was completed, reports last week suggested that Meta was evaluating an investment in the Bengaluru-based startup at a valuation of around $4 billion.
