Meta appoints CRED founder Kunal Shah as new WhatsApp chief, invests $900M in Indian fintech
By
Jagmeet Singh
Summary
Meta is appointing Kunal Shah, founder of Indian fintech CRED, as the new head of WhatsApp, succeeding Will Cathcart who is moving to a product-building role at Meta after nearly seven years. Alongside this leadership change, Meta is leading a $900 million investment round in CRED, becoming a minority investor. Shah will step down as CRED's CEO but retain his personal shareholding. The moves signal Meta's deepening commitment to India, which is WhatsApp's largest market.
Source
bskyMeta appoints CRED founder Kunal Shah as new WhatsApp chief, invests $900M in Indian fintechtechcrunch.comKey quotes
· 3 pulledMeta is betting on India for WhatsApp's next chapter, naming entrepreneur Kunal Shah to lead the messaging app
The move comes alongside a Meta-led $900 million financing round for Indian fintech giant CRED
Shah will step down as chief executive while retaining his personal shareholding
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