WhatsApp’s future may not be invented in US but in India, one transaction at a time
For years, nobody could quite understand Cred’s business model. Now, in a joke going around the internet, Meta’s investment of $900 mn in Cred is being attributed to Mark Zuckerberg finally realising that the only way to understand the Indian fintech’s business model was to buy a large enough piece of it.
Jokes apart, this is one of the most interesting tech moves involving India’s startup system in years. The investment values Cred at $4.5 bn, and founder Kunal Shah will now lead WhatsApp globally.
