Meta Pumps ₹8,550 Cr Into CRED at $4.5B Valuation; Kunal Shah Exits to Lead WhatsApp Globally
Meta takes minority stake in CRED at $4.5B as founder Kunal Shah departs to head WhatsApp globally. Miten Sampat steps in as interim CEO ahead of planned IPO. CRED posted ₹2,735 Cr revenue (16% growth) but ₹298 Cr operating loss in FY25, with 1.7 Cr MAUs handling 40% of India's credit card bill payments.
What happened
Cred · Meta is investing ₹8,550 crore in CRED at $4.5B valuation as a minority investor, while appointing CRED founder Kunal Shah as global head of WhatsApp.
Key facts
- ₹8,550 crore
- USD 900 million
- ₹43,239 crore
- USD 4.5 billion
- 1.7 crore MAU
- 40% credit card bill payments
- ₹298 crore operating loss FY25
- ₹2,735 crore revenue FY25
- 16% revenue growth
Why this matters
Meta taking a minority stake while Shah moves to run WhatsApp globally hints at a deeper India payments play—watch for CRED-WhatsApp commerce integrations that could reprice every UPI and credit-rails partnership in the market.