Meta anchors Rs 8,550 Cr round in CRED at $4.5B; Kunal Shah exits to run WhatsApp
CRED closes Series H led by Meta at $4.5B post-money as founder Kunal Shah steps down as CEO to lead WhatsApp globally. Miten Sampat takes interim charge ahead of IPO. Fintech now serves 17M customers, processes 40% of India's credit card bill payments, runs Rs 24,000 Cr AUM on Rs 3,200 Cr revenue.
CRED raises Rs 8,550 crore Series H led by Meta at $4.5B valuation; founder Kunal Shah exits as CEO to lead WhatsApp, Miten Sampat takes interim charge as fintech prepares for IPO.
Why this matters
CRED's largest funding round to date pairs a strategic Meta anchor with a founder transition, repositioning the fintech for IPO under interim CEO Miten Sampat while Kunal Shah moves to WhatsApp.
Leadership signals steady at 322 in last 90 days.
Also reported by
- YourStory · Capital — Same time