Meta’s $900 million investment in an Indian startup: Why some are raising red flags
A massive injection of funds into Cred could reshape Indian fintech, but the move has triggered concerns over data privacy and sovereignty Meta, the parent company that owns Facebook, Instagram, and WhatsApp, announced earlier this week that it has made a $900 million investment in Bengaluru-based startup Cred. Cred is a fintech startup founded by Kunal Shah, who now will take over as the global head of Meta’s WhatsApp messaging platform. While the Meta-Cred deal signals the US-based tech
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