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Meta invests ₹8,550 cr in CRED; Kunal Shah heads WhatsApp
The Free Press Journal - Mumbai
|June 23, 2026
Fintech platform CRED on Monday said it will raise ₹8,550 crore in a funding round led by Meta, a mega deal that will see its founder Kunal Shah step down as CEO and lead the global tech giant's messaging platform WhatsApp.
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Shah will transition to the global leadership team at Meta but will retain his personal shareholding in CRED, the Bengaluru-headquartered company said in a statement.
Taking to social media platform X, Shah said, "Team CRED, I'll still expect you to be a 10x version of yourselves. As for me, I'll be joining Meta to lead WhatsApp globally. While it's come very far, the delta between WhatsApp today and its full potential is massive."
This story is from the June 23, 2026 edition of The Free Press Journal - Mumbai.
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