India, June 19 -- Tech giant Meta is reportedly in discussions to invest in or acquire fintech unicorn CRED at a valuation of around $4 Bn, as it seeks to expand its footprint in India's digital payments ecosystem.

According to a Moneycontrol report, the discussions have included a primary investment worth tens of millions of dollars.

Meta has also evaluated other possibilities, including acquiring CRED at a lower valuation and retaining founder Kunal Shah in his operating role.

It remains unclear which, if any, of these options will ultimately materialise. The talks come at a time when CRED is seeking fresh capital, while Meta is looking to deepen its payments and commerce ambitions in India.

CRED has declined to Inc42's queries arou...