Kunal Shah exits CRED CEO role to head WhatsApp globally; Meta leads Rs 8,550 cr round at $4.5B valuation
CRED closes Series H at $4.5B post-money with Meta leading the Rs 8,550 crore raise. Founder Kunal Shah steps down as CEO to take global helm at WhatsApp; CFO Miten Sampat takes interim charge. Platform serves 1.7 cr MAU and processes 40% of India's credit card bill payments with Rs 24,000 cr AUM.
CRED raises Rs 8,550 crore in Meta-led Series H at $4.5B post-money valuation. Founder Kunal Shah steps down as CEO to lead WhatsApp globally at Meta; CFO Miten Sampat becomes interim CEO.
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