Creds Angels Institutional Investors Score Big In Meta Deal
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Economic TimesVerified Publisher
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 Indi 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,...
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