Meta to Invest ₹8,550 Cr in CRED; Appoints Founder Kunal Shah as Global WhatsApp Head
Published on: June 23, 2026, 11:38 a.m. | Source: Outlook Business
Meta is investing ₹8,550 crore (USD 900 million) in Indian fintech unicorn CRED at a ₹43,239 crore valuation, while appointing CRED founder Kunal Shah as global head of WhatsApp, as the Bengaluru-based startup narrows losses, boosts revenue and prepares for an eventual IPO under interim CEO Miten Sampat.
