Kunal Shah to lead WhatsApp globally as Meta pumps ~$900M into Cred at $4.5B valuation
Meta is investing nearly $900 million (Rs 8,550 crore) in Indian fintech Cred at a $4.5 billion valuation. Founder Kunal Shah is set to become global CEO of WhatsApp, with Miten Sampat taking over leadership at Cred.
What happened
Meta is investing ~$900 million in Indian fintech Cred at a $4.5 billion valuation, while founder Kunal Shah moves to become global head of WhatsApp. Miten
Key facts
- $900 million
- Rs 8,550 crore
- $4.5 billion valuation
Why this matters
Kunal Shah's elevation to WhatsApp global CEO signals deepening Meta-India fintech integration and likely positions Cred as a strategic rails partner for WhatsApp Pay's commerce ambitions.