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How a $4 billion Indian startup won Meta's backing but lost its founder to WhatsApp
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- Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg's Meta— but has lost its founder and chief executive, Kunal Shah, to Whats App.
- The startup, where Meta will soon become a minority investor, was valued at over $4 billion in its latest funding round, the Indian firm said in a press release on Monday.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Indian fintech startup Cred will raise $900 million in a funding round led by Mark Zuckerberg's Meta— but has lost its founder and chief executive, Kunal Shah, to Whats App.
The startup, where Meta will soon become a minority investor, was valued at over $4 billion in its latest funding round, the Indian firm said in a press release on Monday. These funds will be used to "accelerate growth, build institutional muscle, and extend its leadership across categories," it added.
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