CRED to Raise INR 8,550 Crore (~USD 900M) From Meta (opens original article in a new tab)

CRED secures INR 8,550 crore (~USD 900M) from Meta in its Series H funding round at a valuation of INR 43,239 crore (~USD 4.5B), with Meta as a minority investor and Kunal Shah transitioning to a role at Meta.

• CRED raises INR 8,550 crore (~USD 900M) from Meta in Series H round
• CRED's post-money valuation is INR 43,239 crore (~USD 4.5B) and pre-money valuation INR 38,819 crore (~USD 4.03B)
• Meta joins CRED's cap table as a minority investor without access to customer data
• Kunal Shah steps down as CEO to join Meta's global leadership team, Miten Sampat becomes interim CEO