Kunal Shah exits Cred CEO role for WhatsApp global gig as Meta takes ~20% stake for ₹8,550 cr
Cred founder Kunal Shah hands over CEO reins to Miten Sampat to lead WhatsApp globally, while Meta injects ₹8,550 crore ($900M) for ~20% stake at $4.5B post-money. Cred's board now eyes IPO amid intensifying UPI battle with PhonePe, GPay and Paytm.
Cred founder Kunal Shah exits as CEO to lead WhatsApp globally, as Meta invests ₹8,550 crore for ~20% stake at $4.5 billion valuation. Miten Sampat becomes interim CEO; board preparing Cred for eventual IPO amid intensifying UPI competition.