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Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.
Tag
Indian startups raised $1.1 billion across 16 deals in the week of June 21-26, 2026, up 2.5 times from the prior week, with CRED's $900 million Series H led by Meta accounting for most of the total. Square Yards became India's 131st unicorn after closing a $95 million round.
3d ago · 4 min · Business
Meta is investing $900 million in CRED at a $4.5 billion valuation, the largest Indian startup round of 2026, as founder Kunal Shah moves to a global leadership role at WhatsApp. Miten Sampat takes over as interim CEO, and a major employee stock buyback is expected within weeks.
6d ago · 4 min · Business
CRED founder Kunal Shah is stepping down as CEO to lead WhatsApp, as Meta anchors a $900 million Series H round valuing CRED at $4.5 billion. Meta takes a minority stake with no access to CRED's customer data, while Miten Sampat steps in as interim CEO.
7d ago · 3 min · Business
CRED founder Kunal Shah will lead WhatsApp globally at Meta, which is simultaneously investing $900 million in CRED for a 20% stake at a $4.5 billion valuation. Miten Sampat becomes CRED's interim CEO as the company operates its first profitable year with a fresh RBI payment aggregator licence.
7d ago · 4 min · Business
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