Kunal Shah exits CRED operating role for Meta's global WhatsApp gig; Miten Sampat takes interim CEO
Meta invests ~$900M for 20% in CRED at $4.5B post-money valuation as founder Kunal Shah steps back to lead WhatsApp globally. Miten Sampat assumes interim CEO. CRED's FY25 revenue rose 16% to ₹2,735cr against losses of ₹1,457cr; recently bagged RBI payment aggregator licence.
Meta invests ~$900M for 20% in CRED at $4.5B valuation. Founder Kunal Shah exits operating role to lead WhatsApp globally; Miten Sampat becomes interim CEO. CRED's FY25 revenue grew 16% to ₹2,735cr; secured RBI payment aggregator licence.
Why this matters
Marks CRED's biggest leadership reset since inception, pairing founder exit from operating role with a $900M Meta investment and a fresh RBI payment aggregator licence underpinning its next phase.
Leadership remains a steady theme with 352 signals tracked across the last 90 days.