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Indian Startup Valued at $4 Billion Secures Meta Investment, But Loses Founder to WhatsApp

On June 23, Indian fintech startup Cred is set to complete a $900 million funding round led by Meta Platforms, owned by Mark Zuckerberg, but at the cost of losing its founder and CEO Kunal Shah to WhatsApp. Recently, the company announced that in this latest funding round, it has been valued at over $4 billion with Meta becoming a minority shareholder. The funds will be used to 'accelerate business growth, strengthen institutional capabilities, and expand its leading position across various business sectors.'

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