Cred investors score big in Meta deal
Meta’s purchase of shares worth nearly $400 million from Cred’s existing shareholders has delivered 7-20x returns to the fintech’s angel investors, and 3-16x gains to
Meta’s purchase of shares worth nearly $400 million from Cred’s existing shareholders has delivered 7-20x returns to the fintech’s angel investors, and 3-16x gains to its institutional backers, sources said, making it one of the largest secondary deals in India’s startup ecosystem.The sale is part of Meta’s $900 million investment in Cred, which valued the Kunal Shah-founded company at about $4 billion. The transaction has allowed several early
The BriefWire