Kunal Shah heads to Meta; New-age IPO playbook (opens original article in a new tab)
Kunal Shah leaves Cred to lead WhatsApp as Meta invests $900 million in the firm. Indian startups are shifting IPO strategies to prioritize growth over early exits.
- Kunal Shah steps down as Cred CEO to lead WhatsApp, with Meta investing $900 million in Cred.
- Meta's investment values Cred at $4.5 billion, with Shah retaining a stake below 20%.
- Indian startups are adjusting IPO strategies, focusing on growth capital over early exits.
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