Kunal Shah named WhatsApp global CEO as Meta bets $900M on Cred at $4.5B valuation
Meta takes ~20% of Cred via $500M primary and $400M secondary, while elevating founder Kunal Shah to run WhatsApp globally. The deal fuses Cred's reach across 40% of India's credit-card bills, 17M MAUs and $2.5B AUM with WhatsApp's $2B run-rate payments push.
Meta is investing $900 million in Cred at a $4.5 billion valuation while appointing founder Kunal Shah as WhatsApp's global CEO, leveraging Cred's UPI and credit-card payments scale to monetize WhatsApp commerce in India.
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- Mint — Same time