Meta puts $900M into Cred at $4.5B, taps Kunal Shah to lead WhatsApp globally
Meta takes ~20% of Cred at a $4.5B valuation, up from $3.5B, while elevating founder Kunal Shah to run WhatsApp worldwide. Miten Sampat steps in as interim CEO as Cred lines up an IPO. Deal deepens Meta's India payments and business-messaging ambitions across 600M WhatsApp users.
Meta is investing $900M in Cred for ~20% stake at $4.5B valuation, while elevating founder Kunal Shah to head WhatsApp globally. Miten Sampat becomes interim CEO as Cred eyes IPO; Meta deepens India payments and business-messaging push.