Meta backed a $4 billion Indian startup, hired founder for WhatsApp
MUMBAI, MAHARASHTRA, INDIA - 2022/09/20: A man checks his phone near the Cred logo during the Global Fintech Fest in Mumbai. Sopa Images | Lightrocket | Getty Images Indian fintech startup Cred will raise $900 million in a funding…
MUMBAI, MAHARASHTRA, INDIA - 2022/09/20: A man checks his phone near the Cred logo during the Global Fintech Fest in Mumbai. Sopa Images | Lightrocket | Getty Images Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg's Meta— but has lost its founder and chief executive, Kunal Shah, to WhatsApp. The startup, where Meta will soon become a minority investor, was valued at over $4 billion in its latest funding round, the Indian firm said in a press release on Monday.
