India, June 23 -- CRED Steps Into A New Era

Fintech major CRED has raised a mega $900 Mn round led by Meta, and founder Kunal Shah has stepped down as the CEO to helm a global leadership role at WhatsApp. What does this deal mean and why has Kunal Shah quit the company?

The Kunal Shah Question: Shah is stepping away from day-to-day operations at CRED, and Miten Sampat will serve in his place as the interim CEO. But the reshuffle looks more like a planned succession. Over the years, CRED has assembled seasoned management across product, finance, growth and business, giving Shah room to step back just as the unicorn pushes towards IPO, governance and its next phase of growth.

The Big Capital Reset: At the same time, Meta is infusing the ...