# 5216: Why Meta is investing in Kunal Shah’s Cred, Innovist founders, early investors strike gold and RIL AGM: AI, AI everywhere + Jio IPO is here

Page: https://stenobird.com/podcast/moneycontrol-podcast-471941/5216-why-meta-is-investing-in-kunal-shah-s-cred-innovist-founders-early-investors-strike-gold-and-ril-agm-ai-ai-everywhere-jio-ipo-is-here
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Podcast: [Moneycontrol Podcast](https://stenobird.com/podcast/moneycontrol-podcast-471941)
Published: 2026-06-19T14:30:45+00:00
Episode link: https://audioboom.com/posts/8918637
Audio file: https://audioboom.com/posts/8918637.mp3?modified=1781879478&sid=4937727&source=rss
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Duration seconds: 485

## Resource

In today’s episode of Moneycontrol Tech3, we unpack Reliance’s push to make AI more affordable and accessible through a new suite of India-focused AI products, alongside strong growth ahead of a potential public listing. We also dive into Meta’s talks to invest in Kunal Shah-led Cred at a valuation of around $4 billion and what that could mean for India’s payments ecosystem. Plus, why India is becoming central to Meta’s global AI infrastructure plans, and how L’Oréal’s Rs 4,000 crore acquisition of Innovist could hand founders nearly Rs 1,800 crore and deliver bumper returns to early investors.

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