Meta Eyes Stake in CRED at $4B Valuation in India Fintech Push
Meta is reportedly in talks to invest tens of millions in Kunal Shah's CRED at a $4B valuation, down from $6.4B. The deal could include acquisition or onboarding Shah to bolster WhatsApp Pay against PhonePe and Google Pay in India's UPI race. CRED posted ₹2,735 cr FY25 revenue (+16%) but ₹1,457 cr total loss.
Meta reportedly in talks to invest tens of millions in CRED at $4 billion valuation, also weighing acquisition or onboarding founder Kunal Shah, aiming to strengthen its India UPI payments play alongside WhatsApp Pay against PhonePe and Google Pay.