kapynStartups

Meta’s $900 Mn CRED Deal And Why Kunal Shah Stepped Away

Meta has acquired a significant stake in the Indian fintech startup CRED. The deal, valued at $900 million, signals a major strategic investment in the rapidly growing Indian digital payments and credit landscape. This acquisition marks a significant shift for CRED's founder, Kunal Shah, who is stepping away from daily operations as Meta seeks to expand its presence in the region.

Inc42·Jun 22, 2026

Opening Kapyn…