कोशिश गोल्ड - मुक्त
New WhatsApp boss has Cred
The Citizen
|June 25, 2026
INVESTING: INDIAN STARTUP FOUNDER CHOSEN
Meta Platforms is investing $900 million (about R14 billion) into Indian fintech startup Cred, with plans to appoint its founder, Kunal Shah, the new leader of WhatsApp.
The investment gives Meta a roughly 20% stake in Cred, which operates an app that rewards customers for paying their credit card bills on time. The company is now valued at $4.5 billion (about R74 billion) post-money.
Shah will replace the current head of WhatsApp, Will Cathcart, who has been running the popular messaging service for roughly seven years.
यह कहानी The Citizen के June 25, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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