CRED's Kunal Shah named WhatsApp global CEO as Meta takes 20% stake in CRED at $4.5B
Meta invests $900M for a ~20% stake in CRED at a $4.5B valuation, with founder Kunal Shah moving to lead WhatsApp globally. Miten Sampat steps in as interim CEO. CRED, with 17M members and $325M revenue, is now weighing an IPO after completing its 5th ESOP buyback.
CRED founder Kunal Shah appointed global CEO of WhatsApp as Meta invests $900M for ~20% stake in CRED at $4.5B valuation. Miten Sampat takes over as interim CEO; IPO under consideration.
Also reported by
- Mint — Same time