Kunal Shah exits CRED CEO role for Meta's WhatsApp; Meta leads ₹8,550 cr Series H at $4.5 bn valuation
CRED founder Kunal Shah steps down to lead WhatsApp globally at Meta, with Miten Sampat taking interim CEO seat. Meta anchors a ₹8,550 crore ($900 mn) Series H round valuing CRED at $4.5 bn post-money. Fintech now claims 1.7 cr members, ₹3,200 cr revenue, and ₹24,000 cr AUM.
CRED to raise ₹8,550 crore Series H led by Meta at $4.5 billion valuation; founder Kunal Shah steps down as CEO to lead WhatsApp globally, with Miten Sampat as interim CEO.