AZB & Partners advised Meta Platforms on its USD 900 million investment in CRED (Dreamplug Technologies Private Limited), handling the transaction from due diligence to closing. The deal included primary and secondary investments, marking a major corporate and startup funding milestone.
AZB & Partners, India’s leading law firm, advised Meta Platforms, Inc. on its USD 900 million investment in Cred (Dreamplug Technologies Private Limited).
Cred operates technology-driven platforms that allow users to access a broad range of financial and digital services, including lending, investments, insurance, payments, e-commerce, and travel-related offerings. The transaction comprised both primary and secondary investments and coincided with the appointment of Kunal Shah as Global CEO of WhatsApp.
AZB & Partners handled the transaction end-to-end, including legal due diligence, structuring, competition/anti-trust analysis, drafting and negotiation of transaction documentation, regulatory assessment, and support through transaction closing.
The AZB & Partners deal team was led by Nandish Vyas (Senior Partner) and included Karun Jhangiani (Senior Associate), Anish Patel (Senior Associate), Shreshth Bhartia (Senior Associate), Shraddha Sethia (Associate), Freya Irani (Associate), Aditya A. (Associate), Shefali Deshmukh (Associate), and Ayush Tripathi (Associate).
The AZB & Partners competition law team was led by Ram Kumar Poornachandran (Senior Partner) and Dinoo Muthappa (Partner), supported by Vayshnavi Ganesh (Senior Associate), Rishabh Jain (Associate), Anjali Kumar (Associate), Aryan Naagar (Associate), and Pavan Kalyan (Associate).
The AZB & Partners tax team was led by Aditya Singh Chandel (Partner) and Shruti K.P. (Partner), supported by Suhail Bansal (Senior Associate) and Akshat Jain (Senior Associate).
The transaction also received regulatory, diligence, and compliance support from the AZB & Partners team comprising Rushabh Maniar (Senior Partner), Prerak Ved (Partner), Bhargavy Ramesh (Partner), Nandan Pendsey (Partner), Nishanth Ravindran (Partner), Anusha Jacob (Counsel), Sanghamitra Sengupta (Senior Associate), Riddhi Tulshian (Senior Associate), Vartika Sharma (Senior Associate), Abhinav Shankarraman (Associate), Rishav Sen (Associate), Gaurav Jayakumar (Associate), Ambareen A. (Associate), Anargya 1 Ashok (Associate), Ankit Dutta (Associate), Hardik Batra (Associate), Deepti Prabhu (Associate), Payaswini Rai (Associate), Saumya Jha (Associate), Simran Jalan (Associate), and Vibhuti Kaushik (Associate).