Meta takes 20% of Cred for $900M; Kunal Shah named WhatsApp head
Meta invests ₹8,550 crore ($900M) for a 20% stake in Cred at a $4.5B valuation. Founder Kunal Shah will replace Will Cathcart as head of WhatsApp, signaling a deeper India-led payments and messaging play.
Meta invests ₹8,550 crore ($900M) for a 20% stake in Indian fintech Cred at a $4.5B valuation. Cred founder Kunal Shah will replace Will Cathcart as head of WhatsApp.
Why this matters
Follows Cred's FY25 revenue growth of 16% to ₹2,735 cr and halved operating losses, plus its push to 10M biometric UPI users. Meta's stake elevates Shah from CEO to WhatsApp's global helm.
Leadership signals steady at 312 in the last 90 days.
Also reported by
- Mint · Companies — Same time