Facebook parent Meta, over the past weeks, has held discussions to invest in Cred in a deal which values the Indian fintech and payments startup at $4 billion, at least six people aware of the discussions told Moneycontrol.

While the tech giant has explored investing tens of millions of dollars in Cred as primary capital, it has also evaluated other options, including a full acquisition of the company and bringing founder Kunal Shah into the organisation in an operating role.

The proposed $4 billion (Rs 38,000 crore) valuation is modestly above the company's marked-down $3.5 billion valuation in 2025, but remains significantly below the $6.4 billion it commanded during its last major funding round in 2022.

“Which path Meta ultimately chooses remains unclear. What is evident, however, is that Cred is in need of fresh capital and Meta has expressed a willingness to back the company,” one of the people cited above said.

Meta’s interest in Cred is understandable as it looks to build a sizable presence in India’s payments landscape. With ownership of Cred, Meta would own the full stack. Facebook and Instagram would serve as the discovery layer, WhatsApp would power commerce, or increasingly agentic commerce, while Cred would provide the payments infrastructure.

Founded in 2018 by Kunal Shah, Cred focuses on affluent and creditworthy users in India.

The Bengaluru-based fintech unicorn said it had reported consolidated operating revenue of Rs 2,735 crore in FY25, a 16 per cent increase from the previous year. Its operating losses declined 51 per cent to Rs 298 crore, according to a company statement released on January 30. The company is yet to file its official numbers with the Ministry of Corporate Affairs (MCA).

Total losses for the year narrowed 11.5 per cent year-on-year to Rs 1,457 crore. Gross margins stood at around 70 per cent in FY25, reflecting improved operating leverage as the company scaled its product offerings and monetisation efforts.

During the year, Cred's monthly transacting users rose 14.5 per cent to 1.26 crore, while transaction frequency increased 34 percent to 14.4 transactions per user per month. Total payment value processed on the platform grew 23 percent year-on-year to Rs 8.5 lakh crore.

The company said deeper adoption of multiple products contributed to stronger monetisation.

About 45 per cent of active members used three or more products on the platform. Average revenue per user (ARPU) stood at Rs 2,000, the highest in the payments ecosystem, with users engaging with four or more products generating 75 per cent higher ARPU than the platform average.

Since its inception about eight years ago, Cred has so far raised around $1 billion from Tiger Global, Ribbit Capital, Peak XV Partners, Greenoaks Capital, DST Global and several others.

For Meta, this Cred investment, if it goes through, will be yet another bet after backing upstarts like Meesho and Unacademy in the past.

Source: Moneycontrol

SpaceX has exercised the option to acquire Cursor in an all-stock transaction with the goal of building the world’s most useful AI models.

For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.

• Cursor is being valued at $60 billion
• Cursor will become a wholly owned SpaceX subsidiary
• Cursor shareholders will receive SpaceX Class A shares
• The exchange ratio will be based on SpaceX’s 7-day average share price before closing
• Subject to regulatory approvals and customary closing conditions
• Expected to close in Q3 2026

Source: SpaceX

Razorpay was last valued at $7.5 billion.

The payments company has taken board approval to raise Rs 2,700 crore ($285 mn) in primary capital in addition to offer for sale.

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

Anthropic statement:

We received the directive from the government today at 5:21pm (ET). The letter did not provide specific details of its national security concern. Our understanding is that the government believes it has become aware of a method of bypassing, or “jailbreaking” Fable 5. We reviewed a demonstration of this specific technique being used to identify a small number of previously known, minor vulnerabilities. These vulnerabilities all appear relatively simple, and we have found that other publicly-available models are able to discover them as well without requiring a bypass.

Source: Anthropic

Diana first came through YC as a founder. She co-founded Escher Reality (S17), an augmented reality backend that was acquired by Niantic in 2018.

Diana returned to YC in 2021 as a Visiting Group Partner, and joined full-time as a Group Partner in 2022. Over the past four years, she's become one of the most prolific partners in YC's history. She's worked with nearly 230 companies across 18 batches, logged over 2,100 office hours, and those companies are now worth a combined $7 billion.

Source: Y Combinator

Free YouTube video downloader and converter

Y2Mate is a versatile and free online tool designed for downloading and converting YouTube videos into various formats such as MP3 and MP4. It supports high-quality downloads, including HD, Full HD, and even 4K, ensuring that users can enjoy sharp videos and clear sound. Y2Mate operates entirely online, eliminating the need for any software installation, making it accessible from any web browser on devices like computers, smartphones, and tablets.

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It is a one stop solution for the Retailers of Airtel Payments Bank to perform all the banking activities like Money Transfer, Bill Payments, Recharges, Cash Withdrawals, Cash Deposits etc.

Link: Airtel Tez