India, June 22 -- The Kunal Shah era at CRED is over. The Meta era begins.

That's just as true for Shah as CRED. The $900 Mn deal from Meta sees CRED founder and CEO Shah transition into a global leadership role at Meta-owned Whatsapp. A lot more will be said about Shah's new role which comes with immense responsibility, certainly no less critical than running a fintech app. But for now, let's see what this means for CRED.

Let's get the basics out of the way: Meta's investment will value the Bengaluru-based fintech startup at about $4.5 Bn post money and is structured through a mix of primary and secondary share sales.

The fundraise surpasses the capital CRED had raised across all its previous funding rounds combined and comes at a tim...