CRED bags Rs 8,550 cr in Meta-led round at $4.5 bn; Kunal Shah exits CEO role to lead WhatsApp globally
Series H at $4.5 bn post-money brings Rs 8,550 cr ($900 mn) to fund category expansion. Founder Kunal Shah moves to Meta as global WhatsApp head; Miten Sampat takes interim CEO. Platform claims 1.7 cr MAU, 40% of India credit card bill payments, Rs 24,000 cr AUM.
What happened
Cred · CRED raises Rs 8,550 crore in Meta-led Series H at $4.5 billion valuation; founder Kunal Shah exits as CEO to head WhatsApp globally, Miten Sampat named
Key facts
- Rs 8,550 crore
- $900 million
- $4.5 billion post-money
- 1.7 crore MAU
- 40% of India credit card bill payments
- Rs 24,000 crore AUM
Why this matters
Meta acquihiring Shah for WhatsApp global signals deepening India-fintech-to-Big-Tech talent flow; scout Cred-adjacent founders and reassess WhatsApp commerce partnerships in your roadmap.